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

question 202

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 critical 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:

Preapproach

The planning and preparation process before direct contact with a potential customer, including gathering information and setting objectives for the sales call or meeting.

Team Selling

A sales approach where a group of salespeople work together to sell products or services to customers.

Supply Chain Personnel

Employees involved in managing the flow of goods, services, and information from the supplier to the customer.

Major Retailers

Large and influential retail businesses that operate on a national or international scale, typically dominating market sectors or industries.