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disa [49]
3 years ago
15

For use in a linear regression model, categorize which of the following variables should be represented as dummy variables and w

hich can be represented as quantitative variables.
ITEMS

TIME TO RUN A MARATHON

SHOE COLOR

HEIGHT

NUMBER ON AN ATHLETE'S JERSEY

GENDER

SIZE OF FLAT-SCREEN TELEVISION

HOURS SPENT STUDYING CORE

ICE CREAM FLAVOR

CALORIES IN DESSERTS

CATEGORY

Dummy Variables

Quantitative Variables
Business
1 answer:
Novay_Z [31]3 years ago
4 0

Answer:

DUMMY VARIABLES:

The items include;

Shoe color,

Number on an athlete's jersey,

Gender,

Ice cream flavor

QUANTITATIVE VARIABLES: Items include;

Time to run marathon,

Height,

Size of flat-screen television,

Hours spent studying core,

Calories in desserts.

Explanation:

Time to run a marathon, height, size of flat–screen television, hours spent studying core, and calories in desserts are quantitative variables.

Shoe color, number on an athlete’s jersey, gender, and ice cream flavor are categorical/qualitative variables and need to be transformed into dummy variables. Note that although athlete’s jerseys have numbers, those values cannot be interpreted as real numbers.

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the 5Cs of opportunity identication:

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2. Context

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3 years ago
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the follo
katen-ka-za [31]

Answer:

1. Output in equivalent units for March is 22,950.

2. Unit manufacturing cost for March is $3.60

3. Cost of goods transferred out for March is $77,760

4. March's EWIP is $4,860

Explanation:

Given:

Units in BWIP — Units completed = 21,600

Units in EWIP (60% complete) = 2,250

Total manufacturing costs = $82,620

1) Units completed = 21,600

Ending work in process at 60% = 2,250 × .60 = 1,350

Output in equivalent units = 21,600 + 1,350 = 22,950

Output in equivalent units for March is 22,950.

2) Total manufacturing costs = $82,620

Equivalent units for March = 22,950

Unit manufacturing costs = Total manufacturing costs ÷ Equivalent units for March

= $82,620 ÷ 22,950 = $3.60

Unit manufacturing cost for March is $3.60

3) Manufacturing cost per unit = $3.60

Completed and transferred out units = 21,600

Cost of goods transferred out =  Manufacturing cost per unit × Completed and transferred out units

= $3.60 × 21,600 = $77,760

Cost of goods transferred out for March is $77,760

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Cost per unit = $3.60

Value of March's EWIP = Ending work in progress at 60% × Cost per unit

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Answer:

C. Market value of the inputs a firm uses in production.

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