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,we can conclude definitively that,holding constant the effect of the other independent variables,there is not a difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not at a 1% level of significance if all we have is the information of the 95% confidence interval estimate for the difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not.

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,we can conclude definitively that,holding constant the effect of the other independent variables,there is not a difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not at a 1% level of significance if all we have is the information of the 95% confidence interval estimate for the difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not.

Quizplus · Accepted Answer

The confidence interval estimate for the difference in means includes zero and the p-value is greater than 0.01, indicating that there is not enough evidence to reject the null hypothesis that there is no difference in mean unemployment weeks between workers in management positions and those who are not. Therefore, we can conclude that there is not a significant difference in mean unemployment weeks between the two groups at a 1% level of significance.

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