THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 145

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in examining the factors that determine the average length of stay in a hospital across states.You collect data on the following variables:
Y = statewide average hospital stay
X₁ = median state income
X₂ = 1 if the state is in the Northeast,0 otherwise
X₃ = 1 if the state is in the South,0 otherwise
X₄ = 1 if the state is in the Midwest,0 otherwise
X₅ = 1 if the state is in the West,0 otherwise
-You run the following regression: Y = β₀ + β₁X₁ + β₂X₂ + β₃X₃ + β₄X₄.What effect does being a state in the West have on the average length of hospital stay?

• A)β₅
• B)β₀β₅
• C)β₀
• D)Cannot determine the answer with this specification

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Definitions:

Cultural Values

The core principles and ideals upon which a society or community is founded, shaping beliefs, behaviors, and norms.

Office Space

The physical area designated for work-related activities, which can influence productivity, satisfaction, and organizational culture.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization, influencing its members' behavior and attitudes.

Rituals

Established sequences of activities involving gestures, words, actions, or objects, performed according to set sequences and intended to influence or symbolize a value or belief within a culture or organization.