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

question 223

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 sufficient evidence to conclude that at least one of the independent variables that are not significant individually has become significant as a group in explaining the variation in the dependent variable at a 5% level of significance?

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Definitions:

Variance

Variance quantifies the spread of a dataset by measuring the average squared deviation of each number from the mean of the data set.

Mean

The arithmetic average of a set of numbers, calculated by adding up all the values and dividing by the number of values.

Probability

A quantitative measure representing the likelihood or chance of a particular event or outcome occurring.

Action Movies

A film genre in which the protagonist is thrust into a series of events that involve physical feats, extended fights, and frantic chases.