Yvonne Yang, VP of Finance at Discrete Components, Inc

question 95

Multiple Choice

Yvonne Yang, VP of Finance at Discrete Components, Inc.(DCI) , wants a regression model which predicts the average collection period on credit sales.Her data set includes two qualitative variables: sales discount rates (0%, 2%, 4%, and 6%) , and total assets of credit customers (small, medium, and large) .The number of dummy variables needed for "total assets of credit customer" in Yvonne's regression model is ________.

• A)1
• B)2
• C)3
• D)4
• E)7

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Definitions:

Guidance

Support or advice provided to help someone make decisions, solve problems, or understand situations more clearly.

SWOT Analysis

A strategic planning tool used to identify and understand Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Time Constraints

Limitations or restrictions on the amount of time available to complete a task or activity.

Inconsistent Time Management Skills

A variation in the ability to effectively organize, prioritize, and allocate one's time to tasks, often leading to decreased productivity or increased stress.