Question

Suppose the labor force and unemployment rate in 2001 are given in the following table. What is the slope coefficient estimate b of the regression of the unemployment rate as a function of the labor force?

Country	Labor Force	Unemployment
United States	122	5.5
Canada	13	7.8
Britain	28	8.6
Germany	29	6.1

Question 8 options:

	A) –0.20.
	B) –0.020.
	C) –0.0020.
	D) –2.0.
	E) 0.020.

Answer 1

Answer to the following question:

Option a: -0.02.

Explanation: The analysis or the estimation is done on the SPSS software for accurate result. The obtained result sheet is pasted below:

Here the dependent variable is the Unemployment rate and the dependent variable is the labour force.

We can see that the Unstandardized coefficient (B) of Labour force is -0.021 which is closer to -0.02.The R^2 is 0.5 which means that 50% of the total variation of the dependent variable is expained by the independent variable.

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