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Determine the following 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? A full-time employee who works 40 hours per week earns $25.50 per hour. Estimate that person's annual income. Round 52 weeks to 50 weeks per year, and round the hourly wage to the nearest dollar for the estimate. The estimate of annual income is $ (Round to the nearest thousand as needed.). Use 52 weeks per year for the actual income. The actual annual income is $ How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. OA. The estimate is a little higher than the actual result. The difference is $ OB. The estimate is a little lower than the actual result. The difference is $

Determine the following 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? A full-time employee who works 40 hours per week earns $25.50 per hour. Estimate that person's annual income. Round 52 weeks to 50 weeks per year, and round the hourly wage to the nearest dollar for the estimate. The estimate of annual income is $ (Round to the nearest thousand as needed.). Use 52 weeks per year for the actual income. The actual annual income is $ How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. OA. The estimate is a little higher than the actual result. The difference is $ OB. The estimate is a little lower than the actual result. The difference is $

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter1: Foundations
Section1.3: Add And Subtract Integers
Problem 260E: Stock Market During the week of June 22, 2009, the closing numbers of the Dow Jones Industrial...
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**Estimating Annual Income** Determine the estimated annual income without using a calculator. Then, use a calculator to perform the computation to obtain the exact answer. Compare how reasonable your estimate is when compared to the actual answer. **Scenario:** A full-time employee who works 40 hours per week earns $25.50 per hour. Estimate that person’s annual income. **Instructions:** 1. **Round 52 weeks to 50 weeks per year**, and round the hourly wage to the nearest dollar for the estimate. - **Estimated Annual Income:** \$[ ] (Round to the nearest thousand as needed.) 2. **Use 52 weeks per year for the actual income calculation.** - **Actual Annual Income:** \$[ ] **Question:** How reasonable is your estimate compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. - **A.** The estimate is a little higher than the actual result. The difference is \$[ ]. - **B.** The estimate is a little lower than the actual result. The difference is \$[ ].
Transcribed Image Text:**Estimating Annual Income** Determine the estimated annual income without using a calculator. Then, use a calculator to perform the computation to obtain the exact answer. Compare how reasonable your estimate is when compared to the actual answer. **Scenario:** A full-time employee who works 40 hours per week earns $25.50 per hour. Estimate that person’s annual income. **Instructions:** 1. **Round 52 weeks to 50 weeks per year**, and round the hourly wage to the nearest dollar for the estimate. - **Estimated Annual Income:** \$[ ] (Round to the nearest thousand as needed.) 2. **Use 52 weeks per year for the actual income calculation.** - **Actual Annual Income:** \$[ ] **Question:** How reasonable is your estimate compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. - **A.** The estimate is a little higher than the actual result. The difference is \$[ ]. - **B.** The estimate is a little lower than the actual result. The difference is \$[ ].
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Solution : Given that  A full time employee who works 40 hours per week  earns $25.50 per hour

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