Question: Using the Wage data from R package ISLR, answer the following questions: a ) Determine whether there is evidence that those who obtain an education
Using the Wage data from package ISLR, answer the following questions:
a Determine whether there is evidence that those who obtain an education level greater than high school
earn a different mean wage from those who obtain a high school degree or less. Consider your options
in this problem. There are multiple ways to accomplish your goal.
b Visualize the distribution of the difference in mean wage between those who obtain more than a high
school education and those who obtain a high school degree or less in this sample. Comment on the
distribution.
c Create a confidence interval for the difference in mean wage between jobs with type information and
jobs with type industrial. Once again, there are multiple ways to proceed, but please use a bootstrapping
procedure. Please report two CIs: the first, using the percentile methods, and the second, the Bootstrap
Principle method.
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