A Variable That Is Coded as Either Zero or One

question 14

Multiple Choice

A variable that is coded as either zero or one and has two distinct levels is called a(n) :

• A) regression variable.
• B) dummy variable.
• C) continuous variable.
• D) eigenvalue.

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Definitions:

Units Sold

The total number of individual items sold during a specified time period.

Units Received

Refers to the number of individual items or quantities of a product delivered to a recipient as part of a shipment or order.

Beginning Inventory

The worth of products ready to be sold at the beginning of a financial period.

Net Sales

The revenue generated from goods or services sold by a company after deducting returns, allowances, and discounts.