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How Economists Use Data) . Suppose that you are interested in studying the effects of education on hourly wage. In order to do this, you

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How Economists Use Data) . Suppose that you are interested in studying the effects of education on hourly wage. In order to do this, you survey seven people and ask them for information on their hourly wage and educational attainment. The data you collect are summarized in the following table. Wage Education Observation (Dollars per hour) (Years) H N m 35 45 45 55 On the following graph, use the blue points (circle symbol) to plot each of the seven data points from the previous table. Plot Data WAGE (Dollars per hour) 16 18 20 22 CO 12 EDUCATION (Years)

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