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

question 332

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,those who are in a management position are estimated to stay jobless shorter by approximately 1.4448 weeks while holding constant the effects of age.
• B)On average,those who are in a management position are estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of age.
• C)On average,those who are in a management position are estimated to stay jobless shorter by approximately 22.5761 weeks while holding constant the effects of age.
• D)On average,those who are in a management position are estimated to stay jobless longer by approximately 22.5761 weeks while holding constant the effects of age.

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Definitions:

One-way ANOVA

A statistical test used to determine if there are statistically significant differences between the means of three or more independent (unrelated) groups based on one independent variable.

F-ratio

A statistical measure used in analysis of variance (ANOVA) to determine the degree of variation between sample means in comparison to variation within the samples.

Critical Value

A point on the test distribution that is compared to the test statistic to decide whether to reject the null hypothesis.

Degrees of Freedom

Refers to the number of independent values or quantities which can be assigned to a statistical distribution or a statistical test.