Answer: b. 3
Step-by-step explanation:
We know that , the indicator variable is a dummy variable in regression analysis which is used to denote either presence ( by 1 ) or absence ( by 0 ) of a nominal variable that can be responsible for the change in output.
Number of indicator variables = (all levels in the original variable)-1
Here , the given categories as per the location are northeast, northwest, southeast, or southwest.
i.e. all levels in the original variable = 4
Then, the umber of indicator variables we need = 4-1 =3
Hence, we need 3 indicator variables.
Thus , the correct answer is b. 3.
Answer:
10
Step-by-step explanation:
(15 x 40) / (15+40)
solve inside the parenthesis:
600/60
divide:
10
Answer:
increase - $2256
price - $50256
Step-by-step explanation:
multiply the percent (in decimal form) by the original cost
48000(0.47)=2256
the increase is $2256
to find the price of it, add the two prices together.
48000+2256=50256
