The Number of Dummy Variables Representing a Qualitative Variable Should

question 51

Multiple Choice

The number of dummy variables representing a qualitative variable should be ________.

• A) one less than the number of categories of the variable
• B) two less than the number of categories of the variable
• C) the same number as the number of categories of the variable
• D) None of these choices is correct.

Predict the major organic products of various reactions.

Understand and apply the use of reagents in organic synthesis.

Describe the process of dehydration of alcohols and the role of catalysts.

Explain the effects of molecular structure on reaction mechanisms.

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Downsloping

Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.

Nominal Interest Rate

The interest rate expressed in terms of annual amounts currently charged for interest and not adjusted for inflation.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.