A regression on car prices was run in which one of the variables was \"Country o

Question

A regression on car prices was run in which one of the variables was "Country of Origin” with American = 1 and foreign = 0. The regression equation and all coefficients were significant. The role of the qualitative variable “Country of Origin” in this process is to

Select one:
a. Reduce the impact of foreign-made autos in the equation.
b. Analyze only American-made cars.
c. Divide the data into groups so that each may be examined separately.
d. Determine if interaction was present between other variables.

Explanation / Answer

The role of the qualitative variable “Country of Origin” in this process is to - Divide the data into groups so that each may be examined separately.

Hence, answer is option-C

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.