A Sociologist Wishes to Study the Relationship Between Happiness and Age.He

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?

A) Do not reject the null hypothesis.At 1% significance level,we conclude that Age is not 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 conclude that Age is not significant in explaining Happiness.