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

question 30

True/False

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:
-True or False: Referring to Table 17-10 and using both Model 1 and Model 2,there is insufficient evidence to conclude that the independent variables that are not significant individually are significant as a group in explaining the variation in the dependent variable at a 5% level of significance.

---

Definitions:

Innovation

The process of creating new ideas, products, or methods, which bring about significant improvements or competitive advantage.

Product-Development

The process of bringing a new product or service to the market, from the initial idea through design, development, testing, and launch.

Number of Ideas

The quantity of concepts or proposals generated during brainstorming sessions or through creative processes, often a metric in innovation and design thinking.

Long-Range Marketing Plans

Strategic planning documents that outline a company's marketing objectives and strategies for a period of several years.