An example of a dummy variable is "time to product's first repair" in years.

Name: An example of a dummy variable is "time to product's first repair" in years.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A dummy variable is a binary variable that takes the value 0 or 1 to represent the presence or absence of a characteristic. "Time to product's first repair" is a continuous variable, not a binary variable, and therefore cannot be a dummy variable.

An Example of a Dummy Variable Is "Time to Product's