A Sociologist Wishes to Study the Relationship Between Happiness and Age

question 118

Multiple Choice

A sociologist wishes to study the relationship between happiness and age. He interviews 24 individuals and collects data on age and happiness, measured on a scale from 0 to 100. He estimates the following model: Happiness = β₀ + β₁Age + ε. The following table summarizes a portion of the regression results. At the 1% significance level, which of the following is the correct confidence interval of the regression coefficient β₁?

• A) [0.0390, 0.0530]
• B) [0.0190, 0.5300]
• C) [0.0190, 0,0530]
• D) [0.0390, 0.5300]

---

Definitions:

Competition

The rivalry among businesses to attract customers and achieve market superiority by offering better goods, services, or prices.

Fellow Consumers

Other customers who purchase and use the same products or services, whose opinions and behaviors can influence individual buying decisions.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social aspects.

Potential Opportunities

Prospects or chances that could be developed into actual or beneficial situations in the future.