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

question 44

Short Answer

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,what is the 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 the other independent variable?

---

Definitions:

Positive and Significant

A description of statistical results indicating that an effect or difference is both greater than zero and statistically unlikely to be due to chance alone.

Significance Level

A statistical measure that determines the threshold of rejecting the null hypothesis, typically represented by alpha (α), such as 0.05 (5%).

Independent Variable

A variable in a statistical model that is manipulated to determine its effect on the dependent variable.

Linear Term

A component of an equation characterized by a variable raised to the first power, indicating a direct proportionality relationship.