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, the null hypothesis should be rejected at a 10% level of significance when testing whether there is a significant relationship between the number of weeks a worker is unemployed due to a layoff and the entire set of explanatory variables.

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, the null hypothesis should be rejected at a 10% level of significance when testing whether there is a significant relationship between the number of weeks a worker is unemployed due to a layoff and the entire set of explanatory variables.

Quizplus · Accepted Answer

The regression analysis results suggest that there is a significant relationship between the dependent variable (number of weeks a worker is unemployed due to a layoff) and the independent variables (age of the worker and management position). Therefore, the null hypothesis should be rejected at a 10% level of significance, indicating that the relationship between these variables is statistically significant. The regression analysis results suggest that there is a significant relationship between the number of weeks a worker is unemployed due to a layoff and the independent variables. Therefore, the null hypothesis should be rejected at a 10% level of significance.

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