A Sociologist Wishes to Study the Relationship Between Happiness and Age

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.