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have a close look at this linear model it tells you that the only thing you need to do in order to earn docHubly more money is to get older but why does one group of people earn so much more than the others and is a single model able to cage those groups well when we look at education of these three thousand people weamp;#39;ll see that most of the richest people have an advanced degree While most of the poorest people have just high school or below and if we create five models instead of one weamp;#39;ll see a much more useful story for instance the increase of salary with age is much higher when you have at least some college degree as compared to no education so that at the end of life weamp;#39;ll end up with an impressive salary of 150 000 while without any education will never cross 100 000 mark so it seems like education matters and the slope clearly tells us that however despite the fact that the slope of the advanced degree is much smaller which could suggest that educ
