Created the model with these variables:
Dependent, scale: Total monthly income,
Independent, scale: Members of household working,
Independent, ordinal: Household head's monthly income (binned)
Independent, nominal: Household head's employment status
From the nominal variable recoded these dummy variables:
Dummy 1: Household head unemployed
Dummy 2: Household head employed
Dummy 3: Household head retired
I left out dummy 2 (employed) and expected the coefficients off dummy 1 to be negative but both dummy 1 and 3 is positive and big numbers but the significance levels are all ,000.
If I only do a regression analysis with total monthly income as dependent, and only with dummy variables as independent unemployed is negative as expected (-2372) and retired is (1910). But the significance levels are all over .05.
What I don't understand is how the significance levels are over .05 in the second case and ,000 in the first case. What am I doing wrong? Any help is much appreciated!