Create a new variable in the incomedata data set

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Create a new variable in the "incomedata" data set called "Income_GT50," where the variable is equal to 1 when the income is greater than $50,000 and 0 otherwise. Using the table function, produce a table showing the number of individuals with incomes greater than $50,000. Include a screenshot of the table as part of the output. Using the appropriate R functions (s), calculate the overall percentage of individuals in the data set who earn more than $50,000 annually.

Reference no: EM133034985

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