[jquery] Change Placeholder Text using jQuery

working example of dynamic placeholder using Javascript and Jquery http://jsfiddle.net/ogk2L14n/1/

<input type="text" id="textbox">
 <select id="selection" onchange="changeplh()">
     <option>one</option>
     <option>two</option>
     <option>three</option>
    </select>

function changeplh(){
    debugger;
 var sel = document.getElementById("selection");
    var textbx = document.getElementById("textbox");
    var indexe = sel.selectedIndex;

    if(indexe == 0) { 
     $("#textbox").attr("placeholder", "age");

}
       if(indexe == 1) { 
     $("#textbox").attr("placeholder", "name");
}
}