If a Categorical Independent Variable Contains 2 Categories,then _____ Dummy

question 202

Multiple Choice

If a categorical independent variable contains 2 categories,then _____ dummy variable(s) will be needed to uniquely represent these categories.

• A)1
• B)2
• C)3
• D)4

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Definitions:

Uncertainty Demons

External or internal factors that introduce unpredictability in demand, supply, costs, and other aspects of business operations.

Upper Darby Township

A suburb of Philadelphia in Delaware County, Pennsylvania, known for its diverse community and rich cultural history.

Strategic Fit

The alignment of organizational strategies, resources, and capabilities with the external environment to achieve long-term objectives.

Highest Levels

The utmost or maximum degree or amount of something.