SCENARIO 14-17
Given Below Are Results from the Regression Analysis $\beta$

question 18

Multiple Choice

SCENARIO 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 Scenario 14-17,which of the following is the correct alternative hypothesis to test whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of the other independent variable?

• A)H 1 : \(\beta\) 1 = 0
• B)H 1 : \(\beta\) 1 \(\neq\) 0
• C)H 1 : \(\beta\) 2 = 0
• D)H 1 : \(\beta\) 2 \(\neq\) 0

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Definitions:

Income From Operations

The profit realized from a business's operational activities, calculated before taxes and interest are deducted.

Profit Margin

A financial metric that measures the percentage of revenue remaining after all expenses, taxes, and costs have been deducted.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Balanced Scorecard

This is a strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.