If a Qualitative Variable Has K Levels, the Number of Dummy

question 95

Multiple Choice

If a qualitative variable has k levels, the number of dummy variables required is

• A)k - 1
• B)k
• C)k + 1
• D)2k

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Definitions:

Differences

Variations or disparities among individuals, objects, or processes.

Financial Results

The numeric outcome of an organization's financial activities over a specific period, including profits, losses, revenue, and expenses.

HR Professionals

Individuals specializing in managing human resources, focusing on recruitment, management, and providing direction for the people who work in an organization.

Training Investments

The allocation of resources, such as time and money, towards the development and education of employees to improve their skills and competencies.