A Sociologist Wishes to Study the Relationship Between Happiness and Age

question 77

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 correct for the test about the population slope?

• A) Do not reject the null hypothesis. At 1% significance level, we cannot conclude that Age is significant in explaining Happiness.
• B) Do not reject the null hypothesis. At 1% significance level, we conclude that Age is significant in explaining Happiness.
• C) Reject the null hypothesis. At 1% significance level, we conclude that Age is significant in explaining Happiness.
• D) Reject the null hypothesis. At 1% significance level, we cannot conclude that Age is significant in explaining Happiness.

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Definitions:

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.

Union Shop Contracts

Agreements requiring employees to join a union within a certain period after being hired.

Right-To-Work State

A state that prohibits agreements between labor unions and employers that make membership, payment of union dues, or fees a condition of employment, either before or after hiring.

Moderate Union

A labor union that adopts a less confrontational stance towards employers and focuses on negotiation and compromise.