TABLE 14-17 Given Below Are Results from the Regression Analysis Where the Where

question 24

Multiple Choice

TABLE 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 Table 14-17,which of the following is a correct statement?

• A)On average,a worker who is a year older is estimated to stay jobless shorter by approximately 0.2143 weeks while holding constant the effects of the manager dummy variable.
• B)On average,a worker who is a year older is estimated to stay jobless longer by approximately 0.2143 weeks while holding constant the effects of the manager dummy variable.
• C)On average,a worker who is a year older is estimated to stay jobless shorter by approximately 1.4448 weeks while holding constant the effects of the manager dummy variable.
• D)On average,a worker who is a year older is estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of the manager dummy variable.

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Definitions:

Commercially Reasonable

Pertaining to actions, methods, or practices that are considered acceptable and appropriate by business standards or industry norms.

Liquidation

The sale of the nonexempt assets of a debtor and the distribution of the funds received to creditors.

Discharged

In a legal context, this refers to the process of releasing someone from their obligations or debts. In an employment context, it means being fired or let go from a job.

Debtor

An individual or entity that owes money to another party, known as the creditor.