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You have collected weekly earnings data along with some characteristics from a sample of 1,770 individuals using the Current Population Survey in a given year

You have collected weekly earnings data along with some characteristics from a sample of 1,770 individuals using the Current Population Survey in a given year In US. The table below gives you the basic descriptive statistics for your data set:

Average Standard N Earnings Y Deviation SY Full sample: $434 $294 1770 Age category: Old (age > 45) $488 $328 533 Young (age

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