Below gives the data concerning (1) the dependent variable Default which equals 1 if a customer defaults on their loan and 0 if they do not; (2) the independent variable Price of Home, which is the price of the home (in hundred tens) and (3) the independent variable First Purchase which equals 0 if the customer has owned a home before and 1 if this is their first home. Identify the independent variables in this equation.
A) Price of Home and Default
B) Default
C) Price of Home, First Purchase, Default
D) Price of Home and First Purchase

Question

Below gives the data concerning (1) the dependent variable Default which equals 1 if a customer defaults on their loan and 0 if they do not; (2) the independent variable Price of Home, which is the price of the home (in hundred tens) and (3) the independent variable First Purchase which equals 0 if the customer has owned a home before and 1 if this is their first home. Identify the independent variables in this equation. 
A) Price of Home and Default 
B) Default 
C) Price of Home, First Purchase, Default 
D) Price of Home and First Purchase

Quizplus · Accepted Answer

Price of Home and First Purchase are the independent variables.

Below Gives the Data Concerning (1) the Dependent Variable Default