I found out how to empty out the setting and it's pretty simple - just use:
fieldToHide.value = "";
Also, FYI - you can create document level functions to call from any trigger from any field in your form. I noticed that a standard Reset button does not reset some things that I programatically change based on user selection. Therefore, I created functions that I can call from within the reset button to undo those changes.
Look under Tools > Javascripts > Document Javascripts to find where to put the document level functions.
Good Luck!