3.2 Computational Challenge For this question you will use the dataset “march01.dat”, which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of...

3.2 Computational Challenge
For this question you will use the dataset “march01.dat”, which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of education (column 4). You will need to turn in a printed copy of your M-file and your graph from Question #3.

  1. Create a dummy variable that indicates individuals who went to college: college=1 if education> 12, college=0 if education= 12.

  2. Display the average wage of females who attended college and the average wage of females who did not attend college.

  3. Create a graph showing average wages (for all individuals) as a function of age (average wage on the y-axis and age on the x-axis).




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3.2 Computational Challenge For this question you will use the dataset “march01.dat”, which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of education (column 4). You will need to turn in a printed copy of your M-file and your graph from Question #3. Create a dummy variable that indicates individuals who went to college: college=1 if education> 12, college=0 if education= 12. Display the average wage of females who attended college and the average wage of females who did not attend college. Create a graph showing average wages (for all individuals) as a function of age (average wage on the y-axis and age on the x-axis).



May 14, 2022
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