You Extract Approximately 5,000 Observations from the Current Population Survey

question 44

Multiple Choice

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regression function: = 3.32 - 0.45 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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Definitions:

Asch Line-length Experiment

A psychological experiment by Solomon Asch that demonstrated the influence of group pressure on conformity, particularly in the assessment of line lengths.

Confederates

Individuals who are aware of the experiment's purpose and work with the researcher to simulate a social situation in order to manipulate the experimental setting, but are presented to participants as fellow participants.

Forced Compliance

is a psychological phenomenon where an individual is compelled to act in contradiction to their beliefs or attitudes, often leading to a change in those beliefs or attitudes due to cognitive dissonance.

Cognitive Dissonance

A psychological conflict resulting from incongruous beliefs and attitudes held simultaneously.