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,there is sufficient evidence that the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables at a 10% level of significance.

Question

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,there is sufficient evidence that the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables at a 10% level of significance.

Quizplus · Accepted Answer

The p-values for both age and manager variables are less than 0.1, indicating that both variables have a statistically significant relationship with the number of weeks a worker is unemployed due to a layoff. Therefore, there is sufficient evidence that the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables at a 10% level of significance.

SCENARIO 14-17 Given Below Are Results from the Regression Analysis Where the Where