Dummy Variables Take on the Values of ________ and Are

question 18

Multiple Choice

Dummy variables take on the values of ________ and are used to model the effects of different levels of qualitative variables.

• A) 1 or −1
• B) 1 or 2
• C) 0 or 2
• D) 0 or 1

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Definitions:

Supreme Court

The highest judicial body in the United States, established by the Constitution to have the ultimate authority in legal matters and disputes.

John Frémont

John Frémont was an American explorer, politician, and soldier known for his role in mapping the Oregon Trail and his efforts in California during the Mexican-American War; he was also a candidate for President of the United States in 1856.

Decreed Freedom

Refers to the act of granting freedom through a formal declaration or law, often historical context referring to the emancipation of slaves or oppressed populations.

Captured Forts

Refers to forts or strongholds that have been taken control of by opposing forces, typically in a military context.