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 the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables 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 the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables at a 10% level of significance.

Quizplus · Accepted Answer

Since the p-value for the F-test is less than the 10% level of significance (0.005 < 0.10), we have sufficient evidence to reject the null hypothesis and conclude that at least one of the explanatory variables (Age or Manager) has a significant effect on the number of weeks a worker is unemployed due to a layoff.

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