Instruction 13.14
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) , the number of years of education received (Edu) , the number of years at the previous job (Job Yr) , a dummy variable for marital status (Married: 1 = married, 0 = otherwise) , a dummy variable for head of household (Head: 1 = yes, 0 = no) and a dummy variable for management position (Manager: 1 = yes, 0 = no) . We shall call this Model 1.
Model 1
Regression Statistics
ANOVA
Model 2 is the regression analysis where the dependent variable is Unemploy and the independent variables are Age and Manager. The results of the regression analysis are given below:
Mode 2
Regression Statistics
ANOVA
-Referring to Instruction 13.14 Model 1,which of the following is a correct statement?
A) On average, a worker who is a year older is estimated to stay jobless shorter by approximately 1.35 weeks, while holding constant the effects of all the remaining independent variables.
B) On average, a worker who is a year older is estimated to stay jobless longer by approximately 0.62 weeks, while holding constant the effects of all the remaining independent variables.
C) On average, a worker who is a year older is estimated to stay jobless longer by approximately 1.29 weeks, while holding constant the effects of all the remaining independent variables.
D) On average, a worker who is a year older is estimated to stay jobless longer by approximately 32.66 weeks, while holding constant the effects of all the remaining independent variables.
Correct Answer:
Verified
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