For instance, if you take an average of a 0,1 variable, the result is the proportion of 1s in the distribution. To illustrate dummy variables, consider the simple regression model for a posttest-only two-group randomized experiment.
President Barack Obama has already played nearly eight times as many rounds of golf during his presidency as President George W. Bush did throughout his eight years in office, according to noted presidential chronicler of all things numerical, CBS Newsâ Mark Knoller.
That means Obama played golf for 1,665 hours of his presidency, which was, officially, 55,008 hours. In other words, Obama played golf for 3 percent of the time Obama was President.