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Instruction 13.14
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 1
Regression Statistics
ANOVA
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:
Mode 2
Regression Statistics
ANOVA
-Referring to Instruction 13.14 Model 1,estimate the mean number of weeks being unemployed due to a layoff for a worker who is a 30-year-old,has 10 years of education,has 15 years of experience at the previous job,is married,is the head of household and is a manager.
GDP
Gross Domestic Product, a monetary measure of the market value of all final goods and services produced within a country during a specified period.
Health Care
The organized provision of medical services to individuals or a community including preventive, diagnostic, therapeutic, and palliative interventions.
Average American
Refers to a statistical concept often used to describe the typical individual in the United States in terms of income, behavior, or traits based on averages.
Average Japanese
A term that might refer to statistical averages representing the socio-economic or demographic characteristics of the Japanese population, but lacks precise definition without context.
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