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In a study of employees at a local company, the human resource manager wants to develop...

In a study of employees at a local company, the human resource manager wants to develop a multiple regression model to explain the difference in employee wage rates. She is thinking a variable, degree status, in which the following categories exist: no degrees, H.S. degree, junior college degree, bachelor’s degree, graduate degree. Two other variables are being considered; age and years with the company. Given this, the appropriate number of variables in the model will be six. True or False?

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