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This data shows the wages of each education level: ASSIGNMENT: Suppose you are a career advisor at a high school, and you want to make
This data shows the wages of each education level:
ASSIGNMENT: Suppose you are a career advisor at a high school, and you want to make a presentation to students who are just starting high school. Prior to the presentation, you are going to compile and share a report with the students. Using the data received by people with No High School, a High School Diploma, and a bachelor's degree. You will use this data which gives you the wage per hour of each education level to write a report which analyzes the advantages of different levels of education in terms of average wages received. In order to create this report, you must first calculate some summary statistics and conduct other forms of data analysis that you have learned such as the frequency distribution so far which can help you inform your student audience about what kind of a wage they can expect to earn if they go into the workforce with a certain level of education. (Hint: you will have to construct and interpret confidence Intervals for mean hourly wages for each of the education levels; please make sure you state what level of confidence you have selected when presenting the confidence intervals). To be more effective, please present summary information as a table orgraph rather thanjust information embedded in the written part of the report (instead use the written part of the report to highlight key information in each table or graph). In the previous case study, I gave you some instructions about what intervals to create in order to create relative frequency distributions and accompanying bar graphs. For this study, I leave it to you to pick your own intervals for bar graphs (you might want to revisit the textbook Section 2.3: Methods to Visualize a Numerical Variable). Given that it is a small data set, please do not create more than 10 intervals for each of the wage series. Present your relative frequency distributions in table as well as bar graph format. You can add more tables and chart types if you so desire. for example, for each school, you can make a table like the following: Wages per education levels Education levels Relative FrequencyStep by Step Solution
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