To Describe Variable Credit Status That Has Three Levels: Excellent

question 103

True/False

To describe variable credit status that has three levels: Excellent, Good, and Poor, we need to use two different dummy variables.

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Definitions:

College Graduates

Individuals who have completed a degree program at a college or university.

Quantitative Disciplines

Fields of study that focus on the use of mathematical models and statistical techniques to analyze data and solve problems.

Fallacy Of Composition

This is the logical error of assuming what is true for an individual part is also true for the whole.

Cause And Effect Relationship

A connection between two events where one (the cause) makes the other (the effect) happen.