If a decision maker wishes to develop a regression model in which ...

[tiffannnnyyyyyy]

If a decision maker wishes to develop a regression model in which the University Class Standing is a categorical variable with 5 possible levels of response, then he will need to include how many dummy variables?
 
  A) 5
  B) 4
  C) 1
  D) 3

Question 2

A process control chart can be used to determine whether the process average has shifted up or down, but is not useful for determining whether the process is just drifting in an upward or downward direction.
 
  Indicate whether the statement is true or false

[cam1229]

Answer to Question 1

B

Answer to Question 2

TRUE

[tiffannnnyyyyyy]

Correct answers!

[cam1229]

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