Examlex
In trying to construct a model to estimate grades on a statistics test,a professor wanted to include,among other factors,whether the person had taken the course previously.To do this,the professor included a dummy variable in her regression model that was equal to 1 if the person had previously taken the course,and 0 otherwise.The interpretation of the coefficient associated with this dummy variable would be the mean amount the repeat students tended to be above or below non-repeaters,with all other factors the same.
Gain Yards
In sports, particularly in American football, it refers to the advancement of the ball down the field to gain distance towards the opponent's end zone.
Probability .70
A statistical measure indicating a 70% chance of a specified event occurring.
Nash Equilibrium
A situation in a non-cooperative game where each player's strategy is optimal given the strategies of all other players.
Press Button
An act of pressing a switch or a button to control a machine or process.
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