TABLE 13-17 Given Below Are Results from the Regression Analysis Where the Where

question 49

Short Answer

TABLE 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), the number of years of education received (Edu), the number of years at the previous job (Job Yr), a dummy variable for marital status (Married: 1 = married, 0 = otherwise), a dummy variable for head of household (Head: 1 = yes, 0 = no) and a dummy variable for management position (Manager: 1 = yes, 0 = no). We shall call this Model 1.


Model 2 is the regression analysis where the dependent variable is Unemploy and the independent variables are Age and Manager. The results of the regression analysis are given below:


-Referring to Table 13-17 Model 1, what is the p-value of the test statistic when testing whether age has any effect on the number of weeks a worker is unemployed due to a layoff, while holding constant the effect of all the other independent variables?

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Definitions:

Online Applications

Forms or processes by which individuals can apply for jobs, memberships, services, or other programs through the internet.

Recruiting Costs

Expenses incurred by an organization in the process of finding and hiring new employees.

Applicant Pool

The group of candidates who have applied for a particular job or position, from which an employer can select hires.

Affirmative Action Plans

Programs and policies implemented by organizations to increase the employment opportunities for minorities and women, aiming to reduce discrimination.