Golf Handicaps Are Used to Allow Players of Differing Abilities

question 70

Multiple Choice

Golf handicaps are used to allow players of differing abilities to play against one another in a fair match. Recently a sample of golfers was selected in an effort to develop a model for explaining the difference in handicaps. One independent variable of interest is the number of rounds played per year. Another is whether or not the player is using an "original" name brand club or a copy. In recent years, a number of smaller golf club manufacturers have attempted to copy major golf club designs and sell "copies" of original clubs such as the Big Bertha by Calloway. To incorporate the type of club used, which of the following methods could be used?

• A) Create a dummy variable called "Club Used" and code it "O" for original and "C" for copy.
• B) Create a dummy variable called "Club Used" and code it 1 for copy and 0 for original.
• C) Create a dummy variable called Club Used" and code it 1 for original and 0 for copy.
• D) Either B or C would work.

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Definitions:

Import Tariff

A tax imposed by a government on goods and services imported from other countries, intended to protect domestic industries and adjust trade balances.

Import Quota

A limit imposed by a nation on the quantity (or total value) of a good that may be imported during some period of time.

Restrictive

A term used to describe policies or measures that limit or control some form of activity or process.

Import Tariffs

Taxes imposed by a government on goods and services imported from other countries, affecting their price and availability.