Question

while researching the industry she is interested in, charlize sees that the average employment rate is 97.3%. how many people, out of every 250, are employed?
24.33
234.46
243.25
254.93

Explanation:

Step1: Convert percentage to decimal

The employment rate is \(97.3\%\), which as a decimal is \(0.973\) (since \(97.3\%=\frac{97.3}{100} = 0.973\)).

Step2: Calculate the number of employed people

We want to find out how many people are employed out of \(250\). We use the formula \(n = p\times N\), where \(p\) is the proportion (decimal form of the percentage) and \(N\) is the total number of people. Substitute \(p = 0.973\) and \(N=250\) into the formula: \(n=0.973\times250\).

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Answer:

\(243.25\) (corresponds to the third option)