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,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

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,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 F-statistic for the overall significance of the regression model is 13.65, which has a p-value of 0.0004. Since this p-value is less than 0.10, there is sufficient evidence to 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. Therefore, the answer is A.

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