TABLE 14-17

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 Table 14-17 Model 1, the null hypothesis H₀: β₁ = β₂ = β₃ = β₄ = β₅ = β₆ = 0 implies that the number of weeks a worker is unemployed due to a layoff is not affected by some of the explanatory variables.

Question

TABLE 14-17

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 Table 14-17 Model 1, the null hypothesis H₀: β₁ = β₂ = β₃ = β₄ = β₅ = β₆ = 0 implies that the number of weeks a worker is unemployed due to a layoff is not affected by some of the explanatory variables.

Quizplus · Accepted Answer

Model 1 in Table 14-17 pertains to a multiple regression analysis with Age and Manager as the independent variables, and Unemploy as the dependent variable. The null hypothesis H₀:β₁=β₂=β₃=β₄=β₅=β₆=0 implies that none of the independent variables significantly explain the variance in the dependent variable (Unemploy), which may not be true for this case. Therefore, the correct answer is B, i.e., false.

TABLE 14-17 Model 2 Is the Regression Analysis Where the Dependent Variable