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 the correct confidence interval of the regression coefficient β₁? A) [0.0390, 0.0530] B) [0.0190, 0.5300] C) [0.0190, 0,0530] D) [0.0390, 0.5300]

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The Answer of 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 the correct confidence interval of the regression coefficient β₁? A) [0.0390, 0.0530] B) [0.0190, 0.5300] C) [0.0190, 0,0530] D) [0.0390, 0.5300]

A Sociologist Wishes to Study the Relationship Between Happiness and Age