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The following data contains annual...

The following data contains annual income (in thousands) for individuals by age (20 or 30) and educational level (high school or college – note: at age 20, some students will still be in college).The question is, “What, if any, is the relationship between age, education, and income?” Is this relationship statistically significant? Given this information, would you expect greater income at age 20 for a college student or someone in the work force? At age 30?Show all of your work.SUB AGE EDUC INC

1 20 HS 17

2 20 HS 16

3 20 HS 14

4 20 HS 17

5 20 HS 12

6 20 HS 19

7 20 HS 16

8 20 HS 16

9 20 HS 12

10 20 HS 22

11 20 Coll 4

12 20 Coll 14

13 20 Coll 19

14 20 Coll 15

15 20 Coll 17

16 20 Coll 12

17 20 Coll 16

18 20 Coll 10

19 20 Coll 9

20 20 Coll 15

21 30 HS 32

22 30 HS 28

23 30 HS 23

24 30 HS 18

25 30 HS 27

26 30 HS 8

27 30 HS 14

28 30 HS 24

29 30 HS 16

30 30 HS 18

31 30 Coll 34

32 30 Coll 35

33 30 Coll 28

34 30 Coll 44

35 30 Coll 38

36 30 Coll 38

37 30 Coll 17

38 30 Coll 34

39 30 Coll 22

40 30 Coll 53

1 20 HS 17

2 20 HS 16

3 20 HS 14

4 20 HS 17

5 20 HS 12

6 20 HS 19

7 20 HS 16

8 20 HS 16

9 20 HS 12

10 20 HS 22

11 20 Coll 4

12 20 Coll 14

13 20 Coll 19

14 20 Coll 15

15 20 Coll 17

16 20 Coll 12

17 20 Coll 16

18 20 Coll 10

19 20 Coll 9

20 20 Coll 15

21 30 HS 32

22 30 HS 28

23 30 HS 23

24 30 HS 18

25 30 HS 27

26 30 HS 8

27 30 HS 14

28 30 HS 24

29 30 HS 16

30 30 HS 18

31 30 Coll 34

32 30 Coll 35

33 30 Coll 28

34 30 Coll 44

35 30 Coll 38

36 30 Coll 38

37 30 Coll 17

38 30 Coll 34

39 30 Coll 22

40 30 Coll 53

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