The Current Population Survey (CPS) is a monthly survey of hous... | Filo
The Current Population Survey (CPS) is a monthly survey of hous…
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askfilo.com
You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regression function: AHE = 0.45 x Age, R^2 = 0.02, SER = 8.66 (1.00) (0.04) where AHE represents average hourly earnings, and Age represents the individual's age. Given the specification, your 95% confidence interval for the effect of changing age by years approximately: [52.32, $54.32]. [51.86, $52.64]. [51.35, 55.30]: Cannot be determined given the information provided.
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