A dummy variable may take
A)only the value 0 or 1
B)only the value -1 or 1
C)only non-negative values
D)any value between 0 and 1

Name: A dummy variable may take A)only the value 0 or 1 B)only the value -1 or 1 C)only non-negative values D)any value between 0 and 1
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Question

Quizplus · Accepted Answer

A dummy variable is a binary variable that takes either the value 0 or 1. It is used to represent categorical variables in regression models. Therefore, the best choice is A, as it is the only option that allows for binary values.

A Dummy Variable May Take