TABLE 13-17 Given Below Are Results from the Regression Analysis Where the Where

Multiple Choice

TABLE 13-17
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 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 Table 13-17 Model 1, which of the following is a correct statement?

A) On average, a worker who is a year older is estimated to stay jobless longer by approximately 32.66 weeks, while holding constant the effects of all the remaining independent variables.
B) On average, a worker who is a year older is estimated to stay jobless longer by approximately 1.29 weeks, while holding constant the effects of all the remaining independent variables.
C) On average, a worker who is a year older is estimated to stay jobless shorter by approximately 1.35 weeks, while holding constant the effects of all the remaining independent variables.
D) On average, a worker who is a year older is estimated to stay jobless longer by approximately 0.62 weeks, while holding constant the effects of all the remaining independent variables.