SCENARIO 18-10 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.The coefficient of partial determination of each of the 6 predictors are, respectively, 0.2807, 0.0386, 0.0317, 0.0141, 0.0958, and 0.1201. 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:
-Referring to Scenario 18-10 Model 1, 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 1.35 weeks while holding constant the effects of all the Remaining independent variables.
B)On average, those who are in a management position are estimated to stay jobless shorter by approximately 5.22 weeks while holding constant the effects of all the Remaining independent variables.
C)On average, those who are in a management position are estimated to stay jobless shorter by approximately 14.30 weeks while holding constant the effects of all the Remaining independent variables.
D)On average, those who are in a management position are estimated to stay jobless shorter by approximately 24.82 weeks while holding constant the effects of all the Remaining independent variables.

Question

SCENARIO 18-10 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.The coefficient of partial determination  of each of the 6 predictors are, respectively, 0.2807, 0.0386, 0.0317, 0.0141, 0.0958, and 0.1201.  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:  
-Referring to Scenario 18-10 Model 1, 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 1.35 weeks while holding constant the effects of all the Remaining independent variables. 
B)On average, those who are in a management position are estimated to stay jobless shorter by approximately 5.22 weeks while holding constant the effects of all the Remaining independent variables. 
C)On average, those who are in a management position are estimated to stay jobless shorter by approximately 14.30 weeks while holding constant the effects of all the Remaining independent variables. 
D)On average, those who are in a management position are estimated to stay jobless shorter by approximately 24.82 weeks while holding constant the effects of all the Remaining independent variables.

Quizplus · Accepted Answer

The Answer of SCENARIO 18-10 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.The coefficient of partial determination  of each of the 6 predictors are, respectively, 0.2807, 0.0386, 0.0317, 0.0141, 0.0958, and 0.1201.  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:  
-Referring to Scenario 18-10 Model 1, 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 1.35 weeks while holding constant the effects of all the Remaining independent variables. 
B)On average, those who are in a management position are estimated to stay jobless shorter by approximately 5.22 weeks while holding constant the effects of all the Remaining independent variables. 
C)On average, those who are in a management position are estimated to stay jobless shorter by approximately 14.30 weeks while holding constant the effects of all the Remaining independent variables. 
D)On average, those who are in a management position are estimated to stay jobless shorter by approximately 24.82 weeks while holding constant the effects of all the Remaining independent variables.

SCENARIO 18-10 Given Below Are Results from the Regression Analysis