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

question 7

True/False

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, the null hypothesis H₀: β₁ = β₂ = β₃ = β₄ = β₅ = β₆ = 0 implies that the number of weeks a worker is unemployed due to a layoff is not affected by any of the explanatory variables.

---

Definitions:

Independent Contractor

An individual who provides goods or services to another entity under terms specified in a contract or within a freelance arrangement, not as an employee.

Expressly Authorized

Granted clear and definite permission or authority to do something, usually in a specific manner.

Master

An outdated term signifying an individual who has the right to control the physical conduct of a servant or employee.

Servant

An outdated term signifying a person employed to perform services in the affairs of another and who, with respect to the physical conduct in the performance of the service, is subject to the other’s right to control.