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, the alternative hypothesis : At least one of for j = 1, 2 implies that the number of weeks a worker is unemployed due to a layoff is related to at least one of the explanatory variables.

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, the alternative hypothesis  : At least one of  for j = 1, 2 implies that the number of weeks a worker is unemployed due to a layoff is related to at least one of the explanatory variables.

Quizplus · Accepted Answer

The alternative hypothesis suggests that there is a relationship between the number of weeks a worker is unemployed due to a layoff and at least one of the explanatory variables, which is supported by the regression analysis results. Therefore, the statement is true. The alternative hypothesis states that at least one of the regression coefficients (for either age or manager dummy variable) is not equal to zero, implying that the number of weeks a worker is unemployed due to a layoff is related to at least one of the explanatory variables.

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