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You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regressionfunction: AHE =3.320.45 Age , R 2=0.02, SER =8.66 (1.00)

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regressionfunction:

AHE=3.32−0.45×AgeR2=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. [$2.32, $4.32].

B. [$1.86, $2.64].

C. [$1.35, $5.30].

D. Cannot be determined given the information provided.

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