A variable that takes on the values of only 1 and 0 is often called a(n)_________ variable.
A)response
B)indicator
C)explanatory
D)categorical

Question

Quizplus · Accepted Answer

An indicator variable, also known as a binary variable or dummy variable, takes on only two possible values, usually denoted as 1 or 0. This type of variable is often used to represent a yes-or-no question, or to distinguish between two groups.

A Variable That Takes on the Values of Only 1