In a regression model, which of the following will be described using a binary variable?
A. Whether it rained on a particular day or it did not
B. The volume of rainfall during a year
C. The percentage of humidity in air on a particular day
D. The concentration of dust particles in air
Answer: A
You might also like to view...
Which of the following statements pertains to the four-firm concentration ratio? I. It is the percentage of the value of sales accounted for by the four largest firms in an industry. II
A high concentration ratio is indicative of a high degree of competition. III. The ratio is used to measure product differentiation. A) I only B) I, II only C) I, III only D) I, II, and III
If Ann's utility function is U = W0.5, and she invests in a business which can yield $6,400 with probability 1/5, and $3600 with probability 4/5, then her expected utility is
A) 80. B) 76. C) 64. D) 60.