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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

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 2The person earns

$\$61,500$

He works

$40\textrm{ hours/week}$

i.e. The person works

$40 \frac{hours}{week}\times\frac{52week}{years}=2,080hours/year\approx2000hours/year$

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

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

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