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

question 33

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, there is sufficient evidence that the number of weeks a worker is unemployed due to a layoff depends on at least one of the explanatory variables at a 10% level of significance.

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Offer Price

The price at which someone is willing to sell a security, asset, or commodity; also known as the ask price.

Price-Earnings Ratio

A financial metric used to evaluate a company's share price relative to its per-share earnings, indicating how much investors are willing to pay per dollar of earnings.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year.

Net Present Value

Net Present Value (NPV) represents the disparity between cash inflows' present value and cash outflows' present value throughout a specified timeframe.