You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regr AHE = 3.32-0.45 x 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: OA. [$2.32, $4.32]. OB. [$1.86, $2.64]. OC. [$1.35, $5.30]. OR. Cannot be determined given the information provided.

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regr AHE = 3.32-0.45 x 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: OA. [$2.32, $4.32]. OB. [$1.86, $2.64]. OC. [$1.35, $5.30]. OR. Cannot be determined given the information provided.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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