If It Is Desired to Include Marital Status in a Multiple

question 55

Multiple Choice

If it is desired to include marital status in a multiple regression model by using the categories: single,married,separated,divorced,widowed,what will be the effect on the model?

• A)One more independent variable will be included.
• B)Two more independent variables will be included.
• C)Three more independent variables will be included.
• D)Four more independent variables will be included.
• E)Five more independent variables will be included.

---

Definitions:

Production Possibilities Frontier

A graphical representation that shows the various combinations of output that an economy can produce given the available resources and technology.

Opportunity Cost

Yielding potential gains from different scenarios when one is favored.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Production Possibilities Curve

A graphical representation showing the maximum quantity of two goods or services that can be produced within a given time period and with available resources.