The family budget is illustrated Distribution of Family Monthly Take-Home Pay in the figure to the right. What percent of the take-home pay is allocated for food? Food $375 Housing $400 Insurance $80 Education $70 Personal $80 Miscellaneous $70
The family budget is illustrated Distribution of Family Monthly Take-Home Pay in the figure to the right. What percent of the take-home pay is allocated for food? Food $375 Housing $400 Insurance $80 Education $70 Personal $80 Miscellaneous $70
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2.
![### Family Budget Allocation and Analysis
The image provided illustrates a family budget, displaying the distribution of monthly take-home pay across various expense categories. The main question it poses is: "What percent of the take-home pay is allocated for food?"
#### Budget Breakdown in Dollar Amounts
- **Food:** $375
- **Housing:** $400
- **Insurance:** $80
- **Education:** $70
- **Personal:** $80
- **Miscellaneous:** $70
- **Clothing:** $150
- **Savings:** $150
- **Transportation:** $125
#### Visual Representation
Accompanying the expense breakdown is a pie chart that visually represents the percentage distribution of each expense category from the total monthly take-home pay. Each segment of the pie chart corresponds to one of the budget categories listed above, allowing for an easy comparison of the relative size of each expenditure.
Please calculate the percentage of the total take-home pay allocated for food by filling in the box below the image. To do this, sum the total expenses and then determine what fraction of this total is represented by the $375 allocated for food.
#### Answer Calculation
\[ \text{The percent of total take-home pay allocated for food is} \ \boxed{\%\} \]
This exercise demonstrates the importance of understanding family budgeting and how visual tools such as pie charts can assist in financial planning and analysis.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5386f0c-0c7d-4f0c-9c77-b0195c82b8c2%2F89eca290-f377-4861-aa02-6b4667702584%2Flfr8k6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:### Family Budget Allocation and Analysis
The image provided illustrates a family budget, displaying the distribution of monthly take-home pay across various expense categories. The main question it poses is: "What percent of the take-home pay is allocated for food?"
#### Budget Breakdown in Dollar Amounts
- **Food:** $375
- **Housing:** $400
- **Insurance:** $80
- **Education:** $70
- **Personal:** $80
- **Miscellaneous:** $70
- **Clothing:** $150
- **Savings:** $150
- **Transportation:** $125
#### Visual Representation
Accompanying the expense breakdown is a pie chart that visually represents the percentage distribution of each expense category from the total monthly take-home pay. Each segment of the pie chart corresponds to one of the budget categories listed above, allowing for an easy comparison of the relative size of each expenditure.
Please calculate the percentage of the total take-home pay allocated for food by filling in the box below the image. To do this, sum the total expenses and then determine what fraction of this total is represented by the $375 allocated for food.
#### Answer Calculation
\[ \text{The percent of total take-home pay allocated for food is} \ \boxed{\%\} \]
This exercise demonstrates the importance of understanding family budgeting and how visual tools such as pie charts can assist in financial planning and analysis.
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