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You Extract Approximately 5,000 Observations from the Current Population Survey  ahe ^\widehat { \text { ahe } }

Question 48

Multiple Choice

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regression function:  ahe ^\widehat { \text { ahe } } = 3.32 - 0.45 ×\times 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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