Income and education level Each March, the Bureau of Labor Statistics compiles an Annual Demographic Supplement to its monthly Current Population Survey.44 Data on about 71,067 individuals between the...

1 answer below »

Income and education level Each March, the Bureau of Labor Statistics compiles an Annual Demographic Supplement to its monthly Current Population Survey.44 Data on about 71,067 individuals between the ages of 25 and 64 who were employed full-time were collected in one of these surveys. The boxplots below compare the distributions of income for people with five levels of education. This figure is a variation of the boxplot idea: because large data sets often contain very extreme observations, we omitted the individuals in each category with the top 5% and bottom 5% of incomes. Write a brief description of how the distribution of income changes with the highest level of education reached. Give specifics from the graphs to support your statements.




Answered Same DayDec 25, 2021

Answer To: Income and education level Each March, the Bureau of Labor Statistics compiles an Annual Demographic...

Robert answered on Dec 25 2021
126 Votes
Description
Write a brief description of how the distribution of income changes with the
highest
level of education reached. Give specifics from the graphs to support your
statements.
Solution
This is a subjective interpretation of the graph below.


The first idea that comes to mind is that the higher the level of education
attained, higher the total income will be. This would be intuitive even prior to the
research. Actually we would be surprised not to see some strong...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here