TABLE 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:
-True or False: Referring to Table 14-17,there is sufficient evidence that at least one of the explanatory variables is related to the number of weeks a worker is unemployed due to a layoff at a 10% level of significance.

Question

TABLE 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: 
-True or False: Referring to Table 14-17,there is sufficient evidence that at least one of the explanatory variables is related to the number of weeks a worker is unemployed due to a layoff at a 10% level of significance.

Quizplus · Accepted Answer

The p-value for the F-test is 0.002, which is less than the 0.1 level of significance. Therefore, we can reject the null hypothesis that all the regression coefficients are equal to zero and conclude that at least one of the explanatory variables is related to the number of weeks a worker is unemployed due to a layoff at a 10% level of significance.

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