[Solved] The file (datasets/income.dat), from (Bureau of the Census, 2001), contains year 2000 data on the percentage of college graduates and per capita
Question: The file (datasets/income.dat), from (Bureau of the Census, 2001), contains year 2000 data on the percentage of college graduates and per capita personal income for each of the 50 states and District of Columbia. Regress income on college. Interpret the meaning of R 2 for these data. Discuss which states have unusually low or high per capita income in relation to their percentage of college graduates.
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