Which of the following predictions can be described by a binary choice model?
A) Predict the day's temperature in degrees Fahrenheit.
B) Predict whether a student will pass or fail a test.
C) Predict today's price of gasoline per gallon in dollars.
D) Predict the rainfall in millimeters today.

Question

Quizplus · Accepted Answer

A binary choice model is a model that predicts an outcome as one of two possible values. In option B, the outcome is whether a student will pass or fail a test, which is a binary choice. Options A, C, and D are not binary choices because there are multiple possible outcomes for each prediction.

Which of the Following Predictions Can Be Described by a Binary