Which of the following is an example of a dummy variable?
A)A person's hourly wage
B)The number of years of education someone has
C)The number of years of work experience someone has
D)Whether or not someone has a college degree

Question

Quizplus · Accepted Answer

A dummy variable is a binary variable that takes the values 0 or 1 to represent the absence or presence of a particular characteristic. In this case, whether or not someone has a college degree is a binary variable and can be represented as a dummy variable. The other options are continuous variables and do not fit the definition of a dummy variable.

Which of the Following Is an Example of a Dummy