Suppose We Had a Data Set of from a Call

question 4

Multiple Choice

Suppose we had a data set of from a call center where customers were asked to choose between the following three options: hear account information, billing questions, and customer service. Using the given order of the three options, and using 0-1 dummy variables to encode the categorical variables, which of the following combinations would yield an entry "customer service"?

• A)000
• B)100
• C)010
• D)001

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Definitions:

Bankruptcy Law

A legal process through which individuals or entities unable to meet their financial obligations can seek relief from some or all of their debts.

Documents of Title

Legal documents that provide proof of ownership of property, such as bills of lading or warehouse receipts.

Farm Products

Items derived from farming activities, including crops, livestock, and products directly obtained from livestock or crops (e.g., milk, eggs, wool).

Consumer Goods

Products and commodities that are bought and used by individuals or households for personal use.