For this problem, please use the dataset CPS$\_85\_$WAGES.txt $($located on Canvas course website$).$ The Current Population Survey $($CPS$)$ is used to supplement census information between census years. The data contain $534$ observations on $11$ variables sampled from the CPS of $1985.$ It is of interest to determine if relationships exist between wages and the rest of variables. It is up to you to determine the most appropriate model to predict the wages, using the variables provided. Write a brief outline $($no more than $1$ page$)$ describing the process through which you analyzed these data $($the readers of this outline are statisticians$).$ Write a report to the researchers who may not have much background in statistics $($no more than two double spaced pages, excluding tables and figures$),$ summarizing the process and results and translating into plain language. Keep in mind that the data are real, and that there may be challenges inherent to the dataset which you must address. Be sure to appropriately describe this in your summary.