Which of the following statements about dummy variables is false?
a. We can incorporate any nominal variable into regression analysis by creating one or more dummy variables.
b. Dummy variables are also known as binary variables, nominal variables, or indicator variables.
c. These variables take on only two values, namely 0 or 1, and those values then indicate the absence or presence of a particular nominal characteristic.
d. All of these choices are true.
D
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Which of the following terms best explains the ability of potential users of a new product to use it on a limited basis before adoption?
A) reliability B) trialability C) observability D) accountability
Scrap and rework are examples of
A) prevention costs. B) appraisal costs. C) internal failure costs. D) external failure costs.
Diet problems usually maximize nutritional value
Indicate whether this statement is true or false.
In a(n) ______ , the debtor makes a minimum monthly payment and more debt can be added to the account over time
a. collections account b. installment account c. revolving account d. open account e. security account