In explaining the amount of money spent on children's toys during Christmas each year, the independent variable 'gender' is best represented by a dummy variable.

Name: In explaining the amount of money spent on children's toys during Christmas each year, the independent variable 'gender' is best represented by a dummy variable.
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Question

Quizplus · Accepted Answer

Gender is a categorical variable with two possible values (male or female), which can be represented by a dummy variable.

In Explaining the Amount of Money Spent on Children's Toys