Dummy or Indicator Variables Typically Are Values of Zero or One,and

question 90

Multiple Choice

Dummy or indicator variables typically are values of zero or one,and are used to model the effects of different levels of ___________ variables.

• A)Qualitative
• B)Quantitative
• C)Ratio
• D)Measured

---

Definitions:

Population Mean

The average value of a particular characteristic within an entire population, representing a central or typical value.

Fixed Sample Size

The predetermined number of observations or data points included in a statistical sample.

Sampling Plan

A defined strategy that details how samples will be taken from a population to represent the whole accurately.

Population

In statistics, the entire pool from which a statistical sample is drawn and about which inferences are made.