For each of the following, show how you would code dummy (indicator) variables to include in a regression model. a) Type of residence (Apartment, Condominium, Townhouse, Single family home) b) Employment status (Full-time, Part-time, Unemployed) a) Choose the correct answer below. OA Apartment = A, Condo=C, Townhouse-T, Single family home - S OB. Three variables: One variable that is 1 for Apartment, 0 for others. One that is 1 for Condo, 0 for others. One that is 1 for Townhouse, 0 for others. OC Apartment=0, Condo=1, Townhouse = 2, Single family home = 3 OD. Three variables: One variable that is A for Apartment, B for others. One that is C for Condo, D for others. One that is E for Townhouse, F for others. b) Choose the correct answer be r below. OA Two variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. OB. Three variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. One that is 1 for Unemployed, 0 for others. OC Full-time=0, Part-time = 1, Unemployed = 2 OD. Full-time = F, Part-time = P, Unemployed = U

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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For each of the following, show how you would code dummy (indicator) variables to include in a regression model.
a) Type of residence (Apartment, Condominium, Townhouse, Single family home)
b) Employment status (Full-time, Part-time, Unemployed)
a) Choose the correct answer below.
OA. Apartment = A, Condo = C, Townhouse - T, Single family home = S
OB. Three variables: One variable that is 1 for Apartment, 0 for others. One that is 1 for Condo, 0 for others. One that is 1 for Townhouse, 0 for others.
OC Apartment=0, Condo = 1, Townhouse=2, Single family home = 3
OD. Three variables: One variable that is A for Apartment, B for others. One that is C for Condo, D for others. One that is E for Townhouse, F for others.
b) Choose the correct answer below.
OA Two variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others.
OB. Three variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. One that is 1 for Unemployed, 0 for others.
OC. Full-time=0, Part-time = 1, Unemployed = 2
OD. Full-time = F, Part-time = P, Unemployed = U
Transcribed Image Text:For each of the following, show how you would code dummy (indicator) variables to include in a regression model. a) Type of residence (Apartment, Condominium, Townhouse, Single family home) b) Employment status (Full-time, Part-time, Unemployed) a) Choose the correct answer below. OA. Apartment = A, Condo = C, Townhouse - T, Single family home = S OB. Three variables: One variable that is 1 for Apartment, 0 for others. One that is 1 for Condo, 0 for others. One that is 1 for Townhouse, 0 for others. OC Apartment=0, Condo = 1, Townhouse=2, Single family home = 3 OD. Three variables: One variable that is A for Apartment, B for others. One that is C for Condo, D for others. One that is E for Townhouse, F for others. b) Choose the correct answer below. OA Two variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. OB. Three variables: One that is 1 for Full-time, 0 for others. One that is 1 for Part-time, 0 for others. One that is 1 for Unemployed, 0 for others. OC. Full-time=0, Part-time = 1, Unemployed = 2 OD. Full-time = F, Part-time = P, Unemployed = U
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