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 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

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 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

The statement indicates that the regression analysis resulted in at least one independent variable being statistically significant at a 10% level of significance. Since no p-values or coefficients are provided in the scenario, we cannot determine which variable(s) are significant. The regression analysis results imply that at least one of the independent variables (Age or Manager) has a significant effect on the dependent variable (Unemploy) at a 10% level of significance. Therefore, there is sufficient evidence to suggest that the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables.

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