How you find out if there are any outliers in the wage data, Finance Basics

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How you find out if there are any outliers in the wage data

Problem

For the wage determination model discussed in the text, how would you find out if there are any outliers in the wage data? If you do find them, how would you decide if the outliers are influential points? And how would you handle them? Show the necessary details.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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