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

question 323

True/False

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, we can conclude that, holding constant the effect of the other independent variable, there is a difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not at a 5% level of significance if we use only the information of the 95% confidence interval estimate for the difference in the mean number of weeks a worker is unemployed due to a layoff between a worker who is in a management position and one who is not.

---

Definitions:

Ectasis

A medical term that describes the widening or enlargement of a hollow organ or structure.

Circum-

A prefix in English denoting around, about, or surrounding something.

Epi-

Refers to being above, over, or on top of something, often used as a prefix in medical and biological terms to denote a higher position or an outer layer.

Tachy-

A prefix meaning "fast" or "swift," used in medical terminology to denote an abnormally rapid state, such as in "tachycardia" for rapid heartbeat.