Examlex
Instruction 13.25
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 13.25 Model 1,the alternative hypothesis : At least one of ?j ? 0 for j = 1,2,3,4,5,6 implies that the number of weeks a worker is unemployed due to a layoff is affected by all of the explanatory variables.
Standard Error
A statistical measure that quantifies the amount of variability or uncertainty in a sample statistic estimate of a population parameter.
Test Statistic
A calculated value used in statistical testing to determine whether to reject the null hypothesis.
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Vehicles that are propelled by electric motors and batteries, providing an alternative to traditional fossil fuel-powered cars.
Type II Error
The error that occurs when the null hypothesis is falsely accepted, meaning the failure to detect an effect that is present.
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