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

question 139

Multiple Choice

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: $\begin{array}{l}\hline \ { \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.6391 \\\text { R Square } & 0.4085 \\\text { Adjusted R Square } & 0.3765 \\\text { Standard Error } & 18.8929 \\\text { Observations } & 40 \\\hline\end{array}$

$\text { ANOVA }$



$\begin{array} { l r r r r } \hline & \text { Coefficients } & \text { Standard Error } & { t \text { Stat } } & { \text { P-value } } \\\hline \text { Intercept } & - 0.2143 & 11.5796 & - 0.0185 & 0.9853 \\\text { Age } & 1.4448 & 0.3160 & 4.5717 & 0.0000 \\\text { Manager } & - 22.5761 & 11.3488 & - 1.9893 & 0.0541 \\\hline\end{array}$
-Referring to Scenario 14-17, which of the following is a correct statement?

• A) 37.65% of the total variation in the number of weeks a worker is unemployed due to a layoff can be explained by the age of the worker and whether the worker is a manager.
• B) 37.65% of the total variation in the number of weeks a worker is unemployed due to a layoff can be explained by the age of the worker and whether the worker is a manager After adjusting for the number of predictors and sample size.
• C) 37.65% of the total variation in the number of weeks a worker is unemployed due to a layoff can be explained by the age of the worker and whether the worker is a manager After adjusting for the level of significance
• D) 37.65% of the total variation in the number of weeks a worker is unemployed due to a layoff can be explained by the age of the worker and whether the worker is a manager Holding constant the effect of all the independent variables.

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Definitions:

Leadership Styles

Various approaches to leadership, including autocratic, democratic, and laissez-faire styles, that influence how leaders manage and motivate their teams.

Contingency Basis

A method of compensation or agreement that is dependent on certain conditions being met or outcomes occurring.

Specific Culture

refers to the unique set of beliefs, values, customs, and practices that characterizes an organization, region, or group.

Geert Hofstede

A Dutch social psychologist known for his research on the interactions between national cultures and organizational cultures.