To describe variable credit status that has three levels: ...

[cartlidgeashley]

To describe variable credit status that has three levels: Excellent, Good, and Poor, we need to use two different dummy variables.
 
  Indicate whether the statement is true or false

Question 2

In a simple regression model, if the regression model is deemed to be statistically significant, it means that the regression slope coefficient is significantly greater than zero.
 
  Indicate whether the statement is true or false

[hramirez205]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[cartlidgeashley]

TYSM

[Dinolord]

Thanks for the timely response, appreciate it