SCENARIO 14-17
Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age) and a dummy variable for management position (Manager: 1 = yes,0 = no) .
The results of the regression analysis are given below:
-Referring to Scenario 14-17,which of the following is a correct statement?
A) On average,those who are in a management position are estimated to stay jobless shorter by approximately 1.4448 weeks while holding constant the effects of age.
B) On average,those who are in a management position are estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of age.
C) On average,those who are in a management position are estimated to stay jobless shorter by approximately 22.5761 weeks while holding constant the effects of age.
D) On average,those who are in a management position are estimated to stay jobless longer by approximately 22.5761 weeks while holding constant the effects of age.
Correct Answer:
Verified
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