TABLE 17-10 Given Below Are Results from the Regression Analysis Where the Where

question 263

Essay

TABLE 17-10
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),the number of years of education received (Edu),the number of years at the previous job (Job Yr),a dummy variable for marital status (Married: 1 = married,0 = otherwise),a dummy variable for head of household (Head: 1 = yes,0 = no)and a dummy variable for management position (Manager: 1 = yes,0 = no).We shall call this Model 1.The coefficient of partial determination ( )of each of the 6 predictors are,respectively,0.2807,0.0386,0.0317,0.0141,0.0958,and 0.1201. 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 17-10 and using both Model 1 and Model 2,what is the p-value of the test statistic for testing whether the independent variables that are not significant individually are also not significant as a group in explaining the variation in the dependent variable at a 5% level of significance?

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Definitions:

African Americans

A racial or ethnic group in the United States with ancestry from any of the black racial groups of Africa.

Efficiency Wages

Efficiency wages are higher-than-market wages paid by employers to increase worker productivity, morale, and retention, reducing turnover and shirking.

Less Pleasant

A term that could describe a job or task seen as undesirable or lower in terms of comfort and enjoyment.

Marginal Productivity Theory

An economic theory stating that the amount of pay or wages a worker receives is directly related to their contribution to the output or productivity.