Question

Determine each estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer? If a person who works 40 hours per week earns $61,500 per year, estimate that person's hourly wage.

Solution

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Answered 1 year ago
Answered 1 year ago
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The person earns

$61,500\$61,500

He works

40 hours/week40\textrm{ hours/week}

i.e. The person works

40hoursweek×52weekyears=2,080hours/year2000hours/year40 \frac{hours}{week}\times\frac{52week}{years}=2,080hours/year\approx2000hours/year

i.e. It can be estimated that the person's hourly wage is

$61,500÷2000=$30.75$31\$61,500\div2000=\$30.75\approx\$31

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