Question: The Director of a Labor Economics consulting firm is hired to determine where what part of the country that small businesses should locate. However, none of the clients has any background in statistics. In

order to analyze the data (and get their questions answered), they have hired you as a statistical consultant

to answer these questions:

a. What is the strength of the relationship between annual wages and years of education? Specifically, as the level of education rises, do people make more? (Hint: use Pearson r correlation)

b. What is the annual wage of an individual with 17 years of education? (Hint: use Linear Regression)