Chapter 12: Q. 72E (page 756)
Impact of race on football card values. University of Colorado sociologists investigated the impact of race on the value of professional football players鈥 鈥渞ookie鈥 cards (Electronic Journal of Sociology, 2007). The sample consisted of 148 rookie cards of National Football League (NFL) players who were inducted into the Football Hall of Fame. The price of the card (in dollars) was modeled as a function of several qualitative independent variables: race of player (black or white), card availability (high or low), and player position (quarterback, running back, wide receiver, tight end, defensive lineman, linebacker, defensive back, or offensive lineman).
- Create the appropriate dummy variables for each of the qualitative independent variables.
- Write a model for price (y) as a function of race. Interpret the鈥檚 in the model.
- Write a model for price (y) as a function of card availability. Interpret the鈥檚 in the model.
- Write a model for price (y) as a function of position. Interpret the鈥檚 in the model.
Short Answer
- To represent the 3 qualitative independent, 9 dummy variables will be created.
- A model for price of the card (y) as a function of the race of the player can be written as where represents the player鈥檚 race.
- A model for the price of the card(y) as a function of card availability can be written as where represents card availability.
- A model for wine quality (y) as a function of the grape-picking method can be written as where and represent the player position.

