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