Question: QUESTION 14 Problem Set 2. You have obtained a sub-sample of 1744 individuals from the Current Population Survey (CPS) and are interested in the relationship

QUESTION 14 Problem Set 2. You have obtained a sub-sample of 1744 individuals from the Current Population Survey (CPS) and are interested in the relationship between wookly earnings and age. The regression, using heteroskedasticity-robust standard errors, yielded the following result: : 239.16+5.20 x Age. R2 = 0.05, SER = 287.21, where Eam and Age are measured in dollars and years respectively. Multiple Choice - Select one correct answer. The average age in this sample is 37.5 years. What is the average annual income in the sample? OA $434.16 B. $686.34 C. $22,576.32 O D. $35,689.68

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