You Extract Approximately 5,000 Observations from the Current Population Survey $\widehat { \text { ahe } }$

question 48

Multiple Choice

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regression function: $\widehat { \text { ahe } }$ = 3.32 - 0.45 $\times$ Age, R²= 0.02, SER = 8.66 (1.00) (0.04)
Where ahe is average hourly earnings, and Age is the individual's age. Given the specification, your 95% confidence interval for the effect of changing age by 5 years is approximately

• A)[$1.96, $2.54]
• B)[$2.32, $4.32]
• C)[$1.35, $5.30]
• D)cannot be determined given the information provided

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