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

question 100

Short Answer

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,Model 1,what is the p-value of the test statistic when testing whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of all the other independent variables?

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Definitions:

Ionic

Relating to ions or the chemical bonds formed through the electrical attraction between oppositely charged ions.

Bonding

The attractive force that holds atoms or ions together in a molecule or compound, forming a stable substance.

Lewis Structure

A schematic that outlines the atomic connections within a molecule and highlights any existing unbonded electron pairs.

Ethyne

A hydrocarbon with the chemical formula C2H2, characterized by a triple bond between two carbon atoms, making it the simplest alkyne.