As Baby Boomers Age, the Median Age of the U

question 16

True/False

As baby boomers age, the median age of the U.S.population has gradually increased.

---

Definitions:

Indicator Variables

Indicator variables, also known as dummy variables, are used in statistical models to encode categorical data into binary form for analysis.

Indicator Variables

These are binary variables in a statistical model that take on values of 0 or 1 to indicate the absence or presence of a specific characteristic or attribute.

Omitted Category

In statistical modeling, it refers to a category or group within a variable that is excluded from analysis, often serving as a baseline against which other categories are compared.

Dummy Variables

Numerical variables used in regression analysis to represent subgroups of the sample in a binary form.