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

question 57

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, you can conclude that, holding constant the effect of the other independent variables, the number of years of education received has no impact on the mean number of weeks a worker is unemployed due to a layoff at a 5% level of significance if we use only the information of the 95% confidence interval estimate for β₂.

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Definitions:

Diagnostic

Pertaining to the identification of the nature or cause of a health problem, usually involving the evaluation of symptoms and tests.

Criterion

A standard or principle by which something is judged or decided.

Diagnostic System

A structured framework used by healthcare professionals to identify, classify, and diagnose diseases and disorders.

Predictive Validity

Refers to the extent to which a score on a scale or test predicts future performance on a related outcome.