Question
Education and Future Income.Display 3.13 shows the first five rows of a data set withannual incomes in 2005 of the subset of National Longitudinal Survey
Education and Future Income.Display 3.13 shows the first five rows of a data set withannual incomes in 2005 of the subset of National Longitudinal Survey of Youth (NLSY79) subjects(described in Exercise 2.22) who had paying jobs in 2005 and who had completed either 12 or 16years of education by the time of their interview in 2006. Allthe subjects in this sample were between41 and 49 years of age in 2006. Analyze the data to describe theamount (or percent) by which thepopulation distribution of incomes for those with 16 years of education exceeds the distribution forthose with 12 years of education. (Note: The NLSY79 data set codes all incomes above $150,000as $279,816. To make an exercise version that better matchesthe actual income distribution, thosevalues have been replaced in the data set by computer-simulated values from a realistic distributionof incomes greater than $150,000.) Will be utilizing R for question
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