A Manager at a Local Bank Analyzed the Relationship Between

question 60

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months) , gender (0 = female, 1 = male) and job type (0 = clerical, 1 = technical) . The following ANOVA summarizes the regression results: In the regression model, which of the following are dummy variables?

• A) Intercept
• B) Service
• C) Service and gender
• D) Gender and job

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Definitions:

Poverty Line

A threshold set by governments or organizations to define the minimum income necessary to cover basic living costs, below which individuals are considered to be living in poverty.

Income Quintile

A statistical measure that divides a population into five equal groups according to their income levels, used to analyze income distribution.

Highest Quintile

Refers to the top 20% of the population sorted by income or wealth, indicating those with the highest levels of each.

Welfare Reform Act

Legislation aimed at changing the welfare system by encouraging work, limiting the duration of benefits, and supporting families.