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Let's investigate the relationship between age {AGE} and income [INCOME] for a random sample of people between the ages of 25 and ES who have

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Let's investigate the relationship between age {AGE} and income [INCOME] for a random sample of people between the ages of 25 and ES who have a bachelor's degree but no higher degree. (NOTE: Age is recorded at the end of his last birthday.) a. Create a title page that includes your student number. b. Import Assignmentlgtd into gretl. c. Use gretl to create a histogram for INCOME. Include a copy of the histogram in your assignment with a properly labelled X- and yaxis. Describe the distribution in two or three sentences. [Tip: Use all of the words: peak, skewed, spread, and ontlier.] d. Create a scatterplot lNCDME (yaxis) versus AGE {rt-axis). Include a copy of die scatterplot with a properly labelled X and y-axis label. Describe the pattern in two or three sentences. Interpret the scatterplot in two or three sentences [Tip: Comment on its form, direction, and strength] e. Save Part B as a pdf document and upload to the UM Learn Dropbox Assignment 1 Part B

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