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:
-Referring to Table 14-17,which of the following is the correct alternative hypothesis to test whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of the other independent variable?

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:

-Referring to Table 14-17,which of the following is the correct alternative hypothesis to test whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of the other independent variable?

Quizplus · Accepted Answer

The correct alternative hypothesis to test whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of the other independent variable is H₁ : β₁ ≠ 0. This is because we want to know if there is a significant relationship between age and the number of weeks unemployed, and the inequality symbol (≠) allows for either a positive or negative relationship. A null hypothesis would be β₁ = 0, which would mean there is no significant relationship between age and the number of weeks unemployed.

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