SCENARIO 18-10 Given Below Are Results from the Regression Analysis

question 67

True/False

SCENARIO 18-10 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.The coefficient of partial determination of each of the 6 predictors are, respectively, 0.2807, 0.0386, 0.0317, 0.0141, 0.0958, and 0.1201. 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 Scenario 18-10 and using both Model 1 and Model 2, there is insufficient evidence to conclude that the independent variables that are not significant individually are significant as a group in explaining the variation in the dependent variable at a 5% level of significance?

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Definitions:

Permanent Change

A long-lasting alteration in the state or condition of something, that is not expected to revert to its original state.

Behavior

Actions and mannerisms made by individuals, within systems or environments, which can be observed and studied.

Experience

The knowledge or skill acquired through involvement in or exposure to events, often leading to learning or behavioral change.

Associative Learning

A learning process by which an association is formed between two stimuli or a behavior and a stimulus.