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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:
-Referring to Scenario 14-17,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.
Third-party Beneficiary
An individual or legal entity that gains a benefit from a contract despite not being one of the primary parties involved.
Creditor Beneficiary
A third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the beneficiary.
Donee Beneficiary
A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.
Assignor
An individual or entity that transfers rights or interests in a contract to another, known as the assignee.
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