Question

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? if a person who works 40 hours per week earns $49,600 per year, estimate that person’s hourly wage by rounding the annual income to the nearest ten thousand. use the estimate that there are 50 weeks in a year. the estimate of that person’s hourly wage is approximately $\square$. (round to the nearest dollar as needed.)

Explanation:

Step1: Round annual income

Annual income is $49,600, round to nearest ten thousand: $50,000.

Step2: Calculate total hours in a year

Weeks in a year: 50, hours per week: 40. Total hours = \( 50 \times 40 = 2000 \) hours.

Step3: Estimate hourly wage

Hourly wage = \( \frac{\text{Annual income (estimated)}}{\text{Total hours}} = \frac{50000}{2000} = 25 \).

Answer:

25