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1 According to the Consumer Expenditure Survey, the average American household spent $7,923 on food in 2018. About two-fifths of that amount was spent on eating out at restaurants. Calculate two-fifths of $7,923 to estimate the amount that was spent on eating out. Round to the nearest dollar.

1 According to the Consumer Expenditure Survey, the average American household spent $7,923 on food in 2018. About two-fifths of that amount was spent on eating out at restaurants. Calculate two-fifths of $7,923 to estimate the amount that was spent on eating out. Round to the nearest dollar.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1 According to the Consumer Expenditure Survey, the average American household spent $7,923 on food in 2018. About two-fifths of that amount was spent on eating out at restaurants. Calculate two-fifths of $7,923 to estimate the amount that was spent on eating out. Round to the nearest dollar. $ 1U.S. Bureau of Labor Statistics. (2019). Average expenditure, share, and standard error tables by composition of consumer unit, 2018. Retrieved June 14, 2020, from https://www.bls.gov/cex/tables.htm#annual
Transcribed Image Text:1 According to the Consumer Expenditure Survey, the average American household spent $7,923 on food in 2018. About two-fifths of that amount was spent on eating out at restaurants. Calculate two-fifths of $7,923 to estimate the amount that was spent on eating out. Round to the nearest dollar. $ 1U.S. Bureau of Labor Statistics. (2019). Average expenditure, share, and standard error tables by composition of consumer unit, 2018. Retrieved June 14, 2020, from https://www.bls.gov/cex/tables.htm#annual
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