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

question 7

True/False

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, the alternative hypothesis H 1: At least one of $\beta$ j $\neq$ 0 for j =1, 2 implies that the number of weeks a worker is unemployed due to a layoff is affected by all of the explanatory variables.

---

Definitions:

Federal Reserve

The central banking system of the United States, responsible for implementing the country's monetary policy and regulating the banking industry.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, deposits, and other liquid assets.

Monetarist Approach

An economic theory emphasizing the role of governments in controlling the amount of money in circulation as a primary method in managing the economy and combating inflation.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency and balances held in checking and savings accounts.