Question

Suppose you are interested in using regression analysis to estimate an MLB player's salary using the...

Suppose you are interested in using regression analysis to estimate an MLB player's salary using the following independent variables: the player's position in the field, the player's career strikeouts, if the player is a pitcher, the player has played in the Olympics, the player's nationality, and the player is an All-Star. Which of the following independent variables are indicator (dummy) variables? Select all that apply.

Answer

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the player's position in the field
the player's career strikeouts
if the player is a pitcher
the player has played in the Olympics
the player's nationality
the player is an All-Star
None of these

Homework Answers

Answer #1

Answer:

if the player is a pitcher

the player has played in the Olympics

the player is an All-Star

Explanation:

Aa dummy variable or an indicator variable is a variable which attends to answer the question in yes or no, that is, which takes the value 1 for success and 0 for failure.

Here if the player is a picture can have to possible answers yes or no which takes value 1 for yes and 0 for no

Again the variable the player has played in Olympics can have two possible answers which is yes or no which takes the value 1 years and 0 for no.

Similarly the variable the player is an all star can have two possible answers Yes - the player is an all star or No - the player is not an all star, which takes the value 1 if the player is an all star and 0 if the player is not an all star.

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