SOLUTION: Median weekly earnings for women with some college for an associate degree.
1980.......$231
2013.............$657
Using today's dollars, the data in the bar graph can be describ
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Question 1195830: Median weekly earnings for women with some college for an associate degree.
1980.......$231
2013.............$657
Using today's dollars, the data in the bar graph can be described by the mathematical model
W = 13n + 231,
Where W represents median weekly earnings n years after 1980.
Does the formula underestimate or overestimate the median weekly earnings in 2013? By how much?
Found 2 solutions by MathLover1, math_tutor2020:
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!
given:
.......$
.............$
The function that estimates the median weekly earnings years after is given by:
from to is years, hence the estimate is given by:
Since , the formula the median weekly earnings in by $.
Answer by math_tutor2020(3816) (Show Source): You can put this solution on YOUR website!
The answer should be "overestimates by $3" because the estimating function outputs 660 which is larger than 657 found in the data table.
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