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

question 46

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:  Regression Statistics  Multiple R 0.6391 R Square 0.4085 Adjusted R Square 0.3765 Standard Error 18.8929 Observations 40 ANOVA  df  SS  MS  F  Significance F Regression 29119.08974559.544812.77400.0000 Residual 3713206.8103356.9408 Total 3922325.9 Coefficients  Standard Error t Stat P-value  Intercept 0.214311.57960.01850.9853 Age 1.44480.31604.57170.0000 Manager 22.576111.34881.98930.0541\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?

Know how to troubleshoot and fix air and oil leaks in transmission systems.
Understand the importance and methods of ensuring correct torque application in transmission assemblies.
Understand the mechanical implications of engaging two sliding clutches simultaneously in twin-countershaft truck transmissions.
Identify causes and solutions for transmission range slip-out issues.

Definitions:

Competition Tribunal

A specialized court or tribunal that adjudicates matters pertaining to competition law, including antitrust and monopoly issues.

Competition Act

Legislation designed to promote fair business practices and protect consumers by preventing monopolies and promoting competition.

Bid-rigging

A form of fraud in which competitors agree in advance who will win a bidding process, thus undermining the competition.

Misleading Advertising

Advertising that deceives or is likely to deceive the consumer, often leading to an incorrect understanding or decision.

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