SCENARIO 13-17
Given Below Are Results from the Regression Analysis

question 80

Multiple Choice

SCENARIO 13-17
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: $$\begin{array}{l}\begin{array} { l r } \hline { \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.6391 \\\text { R Square } & 0.4085 \\\text { Adjusted R Square } & 0.3765 \\\text { Standard Error } & 18.8929 \\\text { Observations } & 40 \\\hline\end{array}\\\\\text { ANOVA }\\\begin{array} { l r r r r r } \hline &{ \text { df } } & { \text { SS } } & { \text { MS } } &{ \text { F } } & { \text { Significance } F } \\\hline \text { Regression } & 2 & 9119.0897 & 4559.5448 & 12.7740 & 0.0000 \\\text { Residual } & 37 & 13206.8103 & 356.9408 & \\\text { Total } & 39 & 22325.9 & & \\\hline\end{array}\\\\\begin{array} { l r r r r } \hline & \text { Coefficients } & \text { Standard Error } & { t \text { Stat } } & { P \text {-value } } \\\hline \text { Intercept } & - 0.2143 & 11.5796 & - 0.0185 & 0.9853 \\\text { Age } & 1.4448 & 0.3160 & 4.5717 & 0.0000 \\\text { Manager } & - 22.5761 & 11.3488 & - 1.9893 & 0.0541 \\\hline\end{array}\end{array}$$
-Referring to SCENARIO 13-17, 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:

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a critical indicator of cardiovascular health.

Chronic Insomnia

A long-term condition characterized by difficulties in falling asleep, staying asleep, or experiencing restorative sleep, affecting daily functioning.

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions, typically 18 or older.

Percent

A mathematical term describing a number or ratio expressed as a fraction of 100.