A team of researchers is interested to know whether respondents' education is related to their personal income. They conduct a comparison of means with the variable REALINC (Respondent's personal annual income, measured in dollars) as the dependent variable and DEGREE as the "Row" variable, and use a filter of YEAR (2010-2014). The resulting analysis is shown in Figure 8.2
-Which of the following statements is true, based on Figure 8.2?
A) Most respondents represented in the Figure held a Bachelor's degree or higher
B) On average, respondents with a bachelor's degree earn more than $20,000 more per year compared to those whose highest degree is a high school degree.
C) Approximately 29% of respondents reported holding a high school degree (but no higher degree) in survey years 2012 - 2014.
D) As respondents' educational attainment increases, respondents' personal income tends to decrease.

Question

A team of researchers is interested to know whether respondents' education is related to their personal income. They conduct a comparison of means with the variable REALINC (Respondent's personal annual income, measured in dollars) as the dependent variable and DEGREE as the "Row" variable, and use a filter of YEAR (2010-2014). The resulting analysis is shown in Figure 8.2
-Which of the following statements is true, based on Figure 8.2?
A) Most respondents represented in the Figure held a Bachelor's degree or higher 
B) On average, respondents with a bachelor's degree earn more than $20,000 more per year compared to those whose highest degree is a high school degree. 
C) Approximately 29% of respondents reported holding a high school degree (but no higher degree) in survey years 2012 - 2014. 
D) As respondents' educational attainment increases, respondents' personal income tends to decrease.

Quizplus · Accepted Answer

The statement that respondents with a bachelor's degree earn more than $20,000 more per year compared to those with only a high school degree is likely true based on typical trends in educational attainment and income.

A Team of Researchers Is Interested to Know Whether Respondents