View the step-by-step solution to:

A B C D E 1 Time to Find Job GPA Effort in Job Search Internship 2 2.89 3 12 2. 34 3 10 A 4 3. 04 3 LO\ 1 3.34 \D 3.11 \in m| ( 00 2.64 9 2.34 10...

qa_attachment_1556774132559.jpg


Question 2 (12 points)

The "Job Search.xlsx" data set contains information on recent college graduates and their efforts 

to find full-time employment.


Here is detailed information on the variables included in the data set:


Time to Find Job: The number of months it took students to find full-time employment


GPA: Calculated as usual on a 4-point scale with 4.0 being the highest possible 

value


Effort in Job Search: A self-reported measure of how hard graduates tried to find full-time 

employment. Possible values range from 1 ("Did not try very hard to find 

a job.") to 5 ("Did everything I could to find a job as quickly as possible.")


Internship: Dummy variable which is coded as "1" if the student completed an 

internship and "0" otherwise


Part (a) (2 points)

Open the "Job Search.xlsx" data set and run a multiple regression with "Time to Find Job" as 

dependent variable on the following independent variables: "GPA," "Effort in Job Search," and 

the "Internship" dummy.

You must submit your actual Excel file with the output as part of the assignment.


Part (b) (2 points)

Choose one of the three independent variables included in the regression and explain why we

expect that independent variable to have an impact on the dependent variable.


Part (c) (2 points)

Interpret the estimated value of the coefficient on the "GPA" variable, i.e., explain what the 

number means in this regression.


Part (d) (2 points)

Interpret the estimated value of the coefficient on the "Internship" dummy variable, i.e., explain 

what the number means in this regression.


Part (e) (2 points)

Is the estimate of the coefficient on the "GPA" variable statistically significant? Please answer 

"yes" or "no," then explain how we can tell.


Part (f) (2 points)

Is the estimate of the coefficient on the "GPA" variable of practical significance? Please answer 

"yes" or "no," then explain how we can tell.

qa_attachment_1556774132559.jpg

A
B
C
D
E
1
Time to Find Job GPA
Effort in Job Search Internship
2
2.89
3
12
2. 34
3
10
A
4
3. 04
3
LO\
1
3.34
\D
3.87
3.11
\in m| (
00
2.64
9
2.34
10
3.45
11
\m
2.89
12
12
2.34
13
3. 04
14
3.34
15
3.87
16
8
2.78
17
2.34
18
3.34
19
3.87
\N N OO N OO N O N N O N O N OO N N OO N O N O NOON ON
20
3. 11
W| W UI UI N N N W| WN UI N N N N D D N N D D W W UI UI N N N D
\~ in moo
21
2. 64
22
2.78
23
2.34
24
\N
3.45
25
2.64
26
12
2.34
27
3. 04
28
\+| in M O
3. 11
29
2. 64
30
2.34
31
3.45
32
2.89
33
12
2. 34
34
4
3. 04
35
36
37

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