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a) Generate box plots that illustrate education level versus salary, and social climber index versus salary. Briefly explain what you learn from these box plots with regards to salary vs. education level and salary vs. social climber index .

b) Generate histograms and descriptive statistics for the following variables: salary, car value, home value and total savings. Be sure to identify median, mean, and standard deviation also identify any trends or abnormalities that are obvious.

c) Generate histograms and descriptive statistics for the same variables in part b except segregate these by education level. (Essentially you will get 4 sets of descriptive statistics on salary, car value, home value and savings based on the four different education levels). Explain the difference in the variable means, median and mode, standard deviation between education levels.

d) Based on the empirical data determine the following probabilities:

i. Social climber index greater than or equal to 7 ii. Salaries less than or equal to $50K iii. Home values between $150K and $250K iv. Car value less than $49K

e) Given that a person has earned a masters degree (education level 3), determine the following probabilities:

i. Social climber index greater than or equal to 7 ii. Salaries less than or equal to $50K iii. Home values between $150K and $250K iv. Car value less than $49K

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