Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
6th Edition
ISBN: 9780321914620
Author: Jeffrey O. Bennett, William L. Briggs
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 3.D, Problem 36E
Federal Minimum Wage. Use the following table, showing federal minimum wages over the past 70 years, to answer the following questions.
year | Actual Dollars | 1996 Dollar |
1938 1939 1945 1950 1956 1961 1967 1968 1974 1976 1978 1979 1981 1990 1991 1996 1997 2007 2008 2009 |
$0.25 $0.30 $0.40 $0.75 $1.00 $1.25 $1.40 $1.60 $2.00 $2.30 $2.65 $2.90 $3.35 $3.50 $4.25 $4.75 $5.15 $5.85 $6.55 $7.25 |
$2.78 $3.39 $3.49 $4.88 $5.77 $6.41 $6.58 $7.21 $6.37 $6.34 $6.38 $6.27 $5.78 $4.56 $4.90 $4.75 $5.03 $4.42 $4.77 $5.12 |
Note: 1996 dollars based on CPI.U; entries in table are years in which the minimum
Wage changed. Source: Department of Labor.
36. According to this table, how much is $1.00 in 1956 dollars’ worth in 1996 dollars?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Use the average annual consumer price index table to convert the 1978 minimum wage from actual dollars
to 1996 dollars. Is the result consistent with the entry in the accompanying minimum wage table?
Click the icon to view the table of federal minimum wages.
The 1978 minimum wage in 1996 dollars is $.
(Round to the nearest cent as needed.)
Federal Minimum Wages
Year
1938
1939
1945
1950
1990
1956
1961
1967
1968
pe
1974
1976
1978
1979
1981
1990
1991
1996
1997
2007
2008
2009
Actual Dollars 1996 Dollars
$2.78
$3.39
$3.49
$0.25
$0.30
$0.40
$0.75
90.19
$1.00
$1.25
$1.40
91.00
$1.60
$2.00
22:00
$2.30
$2.50
$2.65
22.0
$2.90
222
$3.35
$3.50
$4.25
$4.75
$5.15
$5.85
$6.55
$7.25
$4.88
67.90
$5.77
$6.41
20.70
$6.58
$7.21
66.27
$6.37
20:37
$6.34
20:20
$6.38
20:30
$6.27
90:20
$5.78
$4.56
$4.90
$4.75
$5.03
$4.42
$4.77
$5.12
-
X
Average Annual
Consumer Price Index (CPI)
(1982-1984 = 100)
Year CPI Year CPI Year CPI
1976 56.9 1989 124.0 2001 177.1
1977 60.6 1990 130.7 2002 179.9
1978 65.2 1991 136.2 2003…
The median home value in Louisiana and Georgia (adjusted for inflation) are shown below.
Year
Louisiana Georgia
1950
31100
31700
2000
85000
111200
Jordan's monthly assets and liabilities are in the table
below. What is Jordan's debt-to-income ratio?
Monthly Liabilities
Monthly Assets
Gross Salary
Full-time job
Rent
$750
$2500
Gross Salary
Part-time job
Student Loan
$200
$600
Credit Card
$350
Car Loan
$250
Chapter 3 Solutions
Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
Ch. 3.A - Prob. 1QQCh. 3.A - The population of a town increases from 50,000 to...Ch. 3.A - Suppose the value of a home changed by -20% over...Ch. 3.A - Emily scored 50% higher on the SAT than Joshua....Ch. 3.A - The price of a movie ticket increased from $10 to...Ch. 3.A - Your receipt shows that you paid $47.96 for a new...Ch. 3.A - Consider the statement “The interest rate on auto...Ch. 3.A - A friend has a textbook that originally cost $150....Ch. 3.A - You currently earn $1000 per month, but you are...Ch. 3.A - During high school, Elise won 30% of the swim...
Ch. 3.A - Describe the three basic uses of percentages. Give...Ch. 3.A - Distinguish between absolute and relative change....Ch. 3.A - Distinguish between absolute and relative...Ch. 3.A - Explain the difference between the key words of...Ch. 3.A - Explain the difference between the terms percent...Ch. 3.A - 6. Give an example to explain why, in general, it...Ch. 3.A - In many European countries, the percentage change...Ch. 3.A - The price of tuition has tripled since my parents...Ch. 3.A - Prob. 9ECh. 3.A - I’ve decreased my caloric intake by 125% which has...Ch. 3.A - If you earn 20% more than I do, then I must earn...Ch. 3.A - If they raise taxes by 10% every year, in a decade...Ch. 3.A - We found that these rare cancers were 700% more...Ch. 3.A - Prob. 14ECh. 3.A - The rate of return on our fund increased by 50%,...Ch. 3.A - My bank increased the interest rate on my savings...Ch. 3.A - Prob. 17ECh. 3.A - Prob. 18ECh. 3.A - Prob. 19ECh. 3.A - Prob. 20ECh. 3.A - Fractions, Decimals, Percentages. Express the...Ch. 3.A - Prob. 22ECh. 3.A - Prob. 23ECh. 3.A - Prob. 24ECh. 3.A - Fractions, Decimals, Percentages. Express the...Ch. 3.A - Fractions, Decimals, Percentages. Express the...Ch. 3.A - Prob. 27ECh. 3.A - Prob. 28ECh. 3.A - Fractions, Decimals, Percentages. Express the...Ch. 3.A - Prob. 30ECh. 3.A - Prob. 31ECh. 3.A - Prob. 32ECh. 3.A - Prob. 33ECh. 3.A - Prob. 34ECh. 3.A - Prob. 35ECh. 3.A - Prob. 36ECh. 3.A - Prob. 37ECh. 3.A - Prob. 38ECh. 3.A - Compare the following pairs of numbers A and B in...Ch. 3.A - Compare the following pairs of numbers A and B in...Ch. 3.A - Prob. 41ECh. 3.A - Prob. 42ECh. 3.A - Percentages as Fractions. In the following...Ch. 3.A - Prob. 44ECh. 3.A - Percentages as Fractions. In the following...Ch. 3.A - Prob. 46ECh. 3.A - Prob. 47ECh. 3.A - Prob. 48ECh. 3.A - Salary Comparisons. Clint’s salary increased from...Ch. 3.A - Population Comparison. Between the 2010 U.S....Ch. 3.A - Percentage change. Find the absolute change and...Ch. 3.A - Percentage Change. Find the absolute change and...Ch. 3.A - Percentage Change. Find the absolute change and...Ch. 3.A - Percentage Change. Find the absolute change and...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Percentage Comparisons. Complete the following...Ch. 3.A - Of versus More Than. Fill in the blanks in the...Ch. 3.A - Of versus More Than. Fill in the blanks in the...Ch. 3.A - Of versus More Than. Fill in the blanks in the...Ch. 3.A - Prob. 64ECh. 3.A - Prices and sales. Fill the blanks in the following...Ch. 3.A - Prob. 66ECh. 3.A - Prices and sales. Fill the blanks in the following...Ch. 3.A - Prob. 68ECh. 3.A - Prob. 69ECh. 3.A - Prob. 70ECh. 3.A - Prob. 71ECh. 3.A - Prob. 72ECh. 3.A - Care in Wording. Assume that 30% of city employees...Ch. 3.A - Ambiguous News. The average annual precipitation...Ch. 3.A - Solving Percentage Problems. Solve the following...Ch. 3.A - Prob. 76ECh. 3.A - Solving Percentage Problems. Solve the following...Ch. 3.A - Prob. 78ECh. 3.A - Prob. 79ECh. 3.A - Prob. 80ECh. 3.A - Shifting Reference Value. State whether the...Ch. 3.A - Prob. 82ECh. 3.A - Prob. 83ECh. 3.A - Prob. 84ECh. 3.A - Prob. 85ECh. 3.A - Prob. 86ECh. 3.A - Is it Possible? Determine whether the following...Ch. 3.A - Prob. 88ECh. 3.A - Average Percentages. You are a teacher. Your...Ch. 3.A - Prob. 90ECh. 3.A - Prob. 91ECh. 3.A - Prob. 92ECh. 3.A - Prob. 93ECh. 3.A - Prob. 94ECh. 3.A - Prob. 95ECh. 3.A - Prob. 96ECh. 3.A - Solving Percentage Problems. Solve the following...Ch. 3.A - 95-100 Solving Percentage Problems. Solve the...Ch. 3.A - Solving Percentage Problems. Solve the following...Ch. 3.A - Solving Percentage Problems. Solve the following...Ch. 3.A - Percentages in the News. Answer the question that...Ch. 3.A - Prob. 102ECh. 3.A - Percentages in the News. Answer the question that...Ch. 3.A - Prob. 104ECh. 3.A - Prob. 105ECh. 3.A - Prob. 106ECh. 3.A - Prob. 107ECh. 3.A - 108. Stock Market Losses.
a. The largest...Ch. 3.A - Percentages. Find three recent news reports that...Ch. 3.A - Percentage Change. Find a recent news report that...Ch. 3.A - Prob. 111ECh. 3.B - Prob. 1QQCh. 3.B - Prob. 2QQCh. 3.B - Prob. 3QQCh. 3.B - 4. You are asked to estimate the total amount of...Ch. 3.B - 5. You are wondering how many dollar bills you’d...Ch. 3.B - 6. You are given some data and asked to calculate...Ch. 3.B - Prob. 7QQCh. 3.B - Prob. 8QQCh. 3.B - Prob. 9QQCh. 3.B - A lottery ticket on which the odds of winning are...Ch. 3.B - Briefly describe scientific notation. How is it...Ch. 3.B - Prob. 2ECh. 3.B - Prob. 3ECh. 3.B - Explain how we can use comparisons to put numbers...Ch. 3.B - 5. Describe three common ways of expressing the...Ch. 3.B - 6. Explain how we can use scaling to put numbers...Ch. 3.B - 7. Suppose that the Sun were the size of a...Ch. 3.B - 8. Describe several ways of putting each of the...Ch. 3.B - Prob. 9ECh. 3.B - I’ve seen about commercials on TV.Ch. 3.B - I live in an apartment building that is 200 feet...Ch. 3.B - In total, Americans spend about a billion dollars...Ch. 3.B - After a recent NFL football game, the star player...Ch. 3.B - The CEO of the company earned more money last year...Ch. 3.B - Prob. 15ECh. 3.B - Prob. 16ECh. 3.B - Prob. 17ECh. 3.B - Review of Scientific Notation. In the following...Ch. 3.B - Prob. 19ECh. 3.B - Prob. 20ECh. 3.B - Prob. 21ECh. 3.B - Prob. 22ECh. 3.B - Using Scientific Notation. Rewrite the following...Ch. 3.B - Prob. 24ECh. 3.B - 23-26: Using Scientific Notation. Rewrite the...Ch. 3.B - Prob. 26ECh. 3.B - Prob. 27ECh. 3.B - Prob. 28ECh. 3.B - 29-32: Perspective Through Estimation. Use...Ch. 3.B - Prob. 30ECh. 3.B - Prob. 31ECh. 3.B - Prob. 32ECh. 3.B - Prob. 33ECh. 3.B - Prob. 34ECh. 3.B - Prob. 35ECh. 3.B - 33-40: Order of Magnitude Estimates. Make order of...Ch. 3.B - Prob. 37ECh. 3.B - Prob. 38ECh. 3.B - Prob. 39ECh. 3.B - Prob. 40ECh. 3.B - Prob. 41ECh. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - 41-48: Energy Comparisons. Use Table 3.1 to answer...Ch. 3.B - Prob. 45ECh. 3.B - Prob. 46ECh. 3.B - Prob. 47ECh. 3.B - Prob. 48ECh. 3.B - Prob. 49ECh. 3.B - Scale Ratios. Find the scale ratios for the...Ch. 3.B - Scale Ratios. Find the scale ratios for the...Ch. 3.B - Prob. 52ECh. 3.B - Scale Model Solar System. The following table...Ch. 3.B - 54. Interstellar Travel. The fastest spaceships...Ch. 3.B - Prob. 55ECh. 3.B - Prob. 56ECh. 3.B - Prob. 57ECh. 3.B - Making Numbers Understandable. Restate the...Ch. 3.B - Prob. 59ECh. 3.B - Making Numbers Understandable. Restate the...Ch. 3.B - Prob. 61ECh. 3.B - Prob. 62ECh. 3.B - Prob. 63ECh. 3.B - Prob. 64ECh. 3.B - Cells in the Human Body. Estimates of the number...Ch. 3.B - Emissions. For every gallon of gasoline burned by...Ch. 3.B - Prob. 67ECh. 3.B - Wood for Energy? A total of about 180,000...Ch. 3.B - Stellar Corpses: White Dwarfs and Neutron Stars. A...Ch. 3.B - Until the Sun Dies. It took 65 million years from...Ch. 3.B - Personal Consumption. The Bureaus of Economic...Ch. 3.B - Sampling Problems. Sampling techniques can be used...Ch. 3.B - Prob. 73ECh. 3.B - 72 – 75 : Sampling Problems. Sampling techniques...Ch. 3.B - Sampling Problems. Sampling techniques can be used...Ch. 3.B - 76. Energy Comparisons. Using data available from...Ch. 3.B - Prob. 77ECh. 3.B - Prob. 78ECh. 3.B - Prob. 79ECh. 3.B - Prob. 80ECh. 3.B - Prob. 81ECh. 3.B - Putting Numbers in Perspective. Find at least two...Ch. 3.B - Prob. 83ECh. 3.C - The $5.6 trillion surplus that government...Ch. 3.C - Under the standard rules for counting significant...Ch. 3.C - Under the standard rules for counting significant...Ch. 3.C - You are trying to measure the outside temperature...Ch. 3.C - You are trying to measure the outside temperature...Ch. 3.C - A testing service makes a error that causes all...Ch. 3.C - A testing service makes an error that causes all...Ch. 3.C - A digital scale shows that you weigh 112.7 pounds,...Ch. 3.C - At a particular moment, the U.S. National Debt...Ch. 3.C - Prob. 10QQCh. 3.C - Prob. 1ECh. 3.C - Prob. 2ECh. 3.C - Prob. 3ECh. 3.C - Distinguish between accuracy and precision. Give...Ch. 3.C - Why can it be misleading to give measurements with...Ch. 3.C - Prob. 6ECh. 3.C - Next year’s federal deficit will be $675.34...Ch. 3.C - In many developing nations, official estimates of...Ch. 3.C - I weigh 110.3627 pounds.Ch. 3.C - The 2013 presidential inauguration brought 925,500...Ch. 3.C - Wilma used a yard stick to measure the length of...Ch. 3.C - More precision is useless if the measurement is...Ch. 3.C - 13. A $1 million error may sound like a lot, but...Ch. 3.C - Prob. 14ECh. 3.C - Prob. 15ECh. 3.C - Review of Rounding. In the following exercises,...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Counting Significant Digits. State the number of...Ch. 3.C - Prob. 20ECh. 3.C - 17-28: Counting Significant Digits. State the...Ch. 3.C - Prob. 22ECh. 3.C - Prob. 23ECh. 3.C - Prob. 24ECh. 3.C - Prob. 25ECh. 3.C - Prob. 26ECh. 3.C - Prob. 27ECh. 3.C - 17-28: Counting Significant Digits. State the...Ch. 3.C - Prob. 29ECh. 3.C - Rounding with Significant Digits. Carry out the...Ch. 3.C - Prob. 31ECh. 3.C - Prob. 32ECh. 3.C - Prob. 33ECh. 3.C - Prob. 34ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Prob. 36ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Prob. 39ECh. 3.C - 35-42: Source of Error. Describe possible source...Ch. 3.C - Prob. 41ECh. 3.C - Source of Error. Describe possible source of...Ch. 3.C - Tax Audit. A tax auditor reviewing a tax return...Ch. 3.C - AIDS Epidemic. Researchers studying the...Ch. 3.C - Prob. 45ECh. 3.C - Cutting Lumber. A lumber yard employee cuts 30...Ch. 3.C - Prob. 47ECh. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Absolute and Relative Errors. Find the absolute...Ch. 3.C - Prob. 51ECh. 3.C - Prob. 52ECh. 3.C - Prob. 53ECh. 3.C - 47-54: Absolute and Relative Errors. Find the...Ch. 3.C - Prob. 55ECh. 3.C - Accuracy and Precision. For each pair of...Ch. 3.C - Prob. 57ECh. 3.C - Accuracy and Precision. For each pair of...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Prob. 62ECh. 3.C - Prob. 63ECh. 3.C - 59-66: Combining Numbers. Use the appropriate...Ch. 3.C - Combining Numbers. Use the appropriate rounding...Ch. 3.C - Prob. 66ECh. 3.C - Prob. 67ECh. 3.C - Prob. 68ECh. 3.C - Prob. 69ECh. 3.C - Prob. 70ECh. 3.C - Prob. 71ECh. 3.C - Prob. 72ECh. 3.C - Prob. 73ECh. 3.C - Prob. 74ECh. 3.C - 75. Propagation of Error. Suppose you want to cut...Ch. 3.C - Prob. 76ECh. 3.C - 77. Random and Systematic Errors. Find a recent...Ch. 3.C - Prob. 78ECh. 3.C - Prob. 79ECh. 3.C - Prob. 80ECh. 3.D - Prob. 1QQCh. 3.D - Prob. 2QQCh. 3.D - Prob. 3QQCh. 3.D - Prob. 4QQCh. 3.D - Prob. 5QQCh. 3.D - Prob. 6QQCh. 3.D - 7. Over the past three decades, the cost of...Ch. 3.D - Suppose your salary has been rising at a greater...Ch. 3.D - Prob. 9QQCh. 3.D - Prob. 10QQCh. 3.D - Prob. 1ECh. 3.D - What is the Consumer Price Index (CPI)? How is it...Ch. 3.D - Prob. 3ECh. 3.D - Prob. 4ECh. 3.D - Prob. 5ECh. 3.D - Even though my salary has remained the same for...Ch. 3.D - Benjamin Franklin said, “A penny saved is a penny...Ch. 3.D - The prices of cars have risen steadily, but when...Ch. 3.D - 9. When we chart today’s price of milk in 1995...Ch. 3.D - 10. The Consumer Price Index is a theoretical...Ch. 3.D - Prob. 11ECh. 3.D - Prob. 12ECh. 3.D - Prob. 13ECh. 3.D - Prob. 14ECh. 3.D - Gasoline Price Index. Use Table 3.2 to answer the...Ch. 3.D - Gasoline Price Index. Use Table 3.2 to answer the...Ch. 3.D - Prob. 17ECh. 3.D - Prob. 18ECh. 3.D - Prob. 19ECh. 3.D - Prob. 20ECh. 3.D - Understanding the CPI. Use Table 3.4 to answer the...Ch. 3.D - Prob. 22ECh. 3.D - Prob. 23ECh. 3.D - 17-26: Understanding the CPI. Use Table 3.4 to...Ch. 3.D - 17-26: Understanding the CPI. Use Table 3.4 to...Ch. 3.D - Understanding the CPI. Use Table 3.4 to answer the...Ch. 3.D - Prob. 27ECh. 3.D - Prob. 28ECh. 3.D - Prob. 29ECh. 3.D - Prob. 30ECh. 3.D - Health Care Spending. Total spending on health...Ch. 3.D - Prob. 32ECh. 3.D - Prob. 33ECh. 3.D - Prob. 34ECh. 3.D - Prob. 35ECh. 3.D - Federal Minimum Wage. Use the following table,...Ch. 3.D - Prob. 37ECh. 3.D - Prob. 38ECh. 3.D - Federal Minimum Wage. Use the following table,...Ch. 3.D - Prob. 40ECh. 3.D - Prob. 41ECh. 3.D - Prob. 42ECh. 3.D - Fan Cost Index. The cost of attending a major...Ch. 3.D - Prob. 44ECh. 3.D - Consumer Price Index. Find a recent news report...Ch. 3.D - Prob. 46ECh. 3.D - Consumer Confidence Index. Use a search engine to...Ch. 3.D - Prob. 48ECh. 3.D - Prob. 49ECh. 3.D - Prob. 50ECh. 3.D - Prob. 51ECh. 3.D - Prob. 52ECh. 3.D - Prob. 53ECh. 3.D - Prob. 54ECh. 3.D - Prob. 55ECh. 3.E - Study Table 3.5. What does the number “8” in the...Ch. 3.E - Study Table 3.5. Which statement is not supported...Ch. 3.E - During their freshman year, Derek’s GPA was 3.4...Ch. 3.E - A false negative in a cancer screening test means...Ch. 3.E - A false positive in a test for steroids means that...Ch. 3.E - Study Table 3.7. The total number of women who did...Ch. 3.E - Study Table 3.7. The total number of women whose...Ch. 3.E - Suppose that a home pregnancy test is 99%...Ch. 3.E - Study the graph in Figure 3.5a. Which of the...Ch. 3.E - Study the graph in Figure 3.5b. Which of the...Ch. 3.E - Prob. 1ECh. 3.E - Prob. 2ECh. 3.E - Prob. 3ECh. 3.E - Prob. 4ECh. 3.E - Despite the fact that the new drug lowered blood...Ch. 3.E - Prob. 6ECh. 3.E - Baggage screening machines are 98% accurate in...Ch. 3.E - The polygraph test showed that the suspect was...Ch. 3.E - The Republications claim the tax cut benefits...Ch. 3.E - The agency suffered a real cut in its annual...Ch. 3.E - Prob. 11ECh. 3.E - Prob. 12ECh. 3.E - Prob. 13ECh. 3.E - Prob. 14ECh. 3.E - Prob. 15ECh. 3.E - Prob. 16ECh. 3.E - Prob. 17ECh. 3.E - Prob. 18ECh. 3.E - Prob. 19ECh. 3.E - Political Math. Government spending for a popular...Ch. 3.E - Basketball Records. Consider the following...Ch. 3.E - 22. Better Drug. Two drugs, A and B, were tested...Ch. 3.E - Prob. 23ECh. 3.E - Airline Arrivals. The following table shows real...Ch. 3.E - Prob. 25ECh. 3.E - Prob. 26ECh. 3.E - Analyzing a Two-Way Table. In the Senate of the...Ch. 3.E - Prob. 28ECh. 3.E - 29. A Tax Cut. According to an analysis of a...Ch. 3.E - Prob. 30ECh. 3.E - Drug Testing. Explore the issue of drug testing...Ch. 3.E - Prob. 32ECh. 3.E - Prob. 33E
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Federal Minimum Wage (for Years in Which a Change Occurred) Year Actual dollars 1996 dollars 1938 $0.25 $2.78 1939 $0.30 $3.39 1945 $0.40 $3.49 1950 $0.75 $4.88 1956 $1.00 $5.77 1961 $1.25 $6.41 1967 $1.40 $6.58 1968 $1.60 $7.21 1974 $2.00 $6.37 1976 $2.30 $6.34 1978 $2.65 $6.38 1979 $2.90 $6.27 1981 $3.35 $5.78 1990 $3.50 $4.56 1991 $4.25 $4.90 1996 $4.75 $4.75 1997 $5.15 $5.03 2007 $5.85 $4.42 2008 $6.55 $4.77 2009 $7.25 $5.12 2016* $7.25 $4.74 In terms of purchasing power, would you rather have earned the minimum wage in 1968 or 2009? Explain.arrow_forwardCalifornia’s minimum wage (in dollars per hour) has increased substantially over the last 20 years, as seen in the table below. Date 3/1/98 1/1/01 1/1/02 1/1/07 1/1/08 7/1/14 1/1/16 1/1/17 1/1/18 Minimum Wage $5.75 $6.25 $6.75 $7.50 $8.00 $9.00 $10.00 $10.50 $11.00 Which of these graphic displays should be used to show the rate of change, or trend, of these minimum wage rates over time? a. A pie chart b. A table displaying the mean and median c. A bar graph d. A line grapharrow_forwardThe Social Security Administration announced the following rates to explain what percent of your Social Security benefits you will receive based on how old you are when you start receiving Social Security benefits. Age Percent of Benefit 62 75 63 80 64 86.7 65 93.3 66 100 Assume Shelley Kate decides to take her Social Security at age 63. What amount of Social Security benefit will she receive each month, assuming she is entitled to $775 per month?arrow_forward
- Use the following table of index numbers based on the price of a pound of coffee. The index numbers use 2011 as the base year. If you spent $4.75 for a pound of coffee in 2013, what would the price have been in 2007? Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Coffee index 73.2 || 76.9 | 80.8 | 86.4 91.6 97.1 100.0 105.0 108.1|111.4 118.1 $ per pound (Round to the nearest cent as needed.) Carrow_forwardElectricity Rates Commonwealth Edison Company’s chargefor electricity in January 2014 was 8.21¢ per kilowatt-hour.In addition, each monthly bill contains a customer charge of$15.37. If last year’s bills ranged from a low of $72.84 to a highof $237.04, over what range did usage vary (in kilowatt-hours)?Source: Commonwealth Edison Co., 2014arrow_forwardTuition and fees at public four-year and public two-year institutions from 2000-2015 are shown in the table below. Values have been adjusted to 2014 dollars to account for inflation. Average Tuition and Fees in 2014 Dollars 2000-01 to 2014-15 Academic Year Public Four-Yr Public Two-Yr 00-01 $4,837 $2,264 01-02 $5,055 $2,158 02-03 $5,421 $2,214 03-04 $6,018 $2,473 04-05 $6,448 $2,615 05-06 $6,696 $2,660 06-07 $6,795 $2,653 07-08 $7,081 $2,624 08-09 $7,148 $2,580 09-10 $7,825 $2,842 10-11 $8,337 $2,997 11-12 $8,728 $3,135 12-13 $8,991 $3,280 13-14 $9,062 $3,306 14-15 $9,139 $3,347 a. What is the absolute change in tuition and fees at public four-year institutions from 2006-07 to 2014-15? b. Calculate the relative change in tuition and fees at public four-year institutions from 2006-07 to 2014-15. Round to the nearest whole percentage point. c.…arrow_forward
- Tuition and fees at public four-year and public two-year institutions from 2000-2015 are shown in the table below. Values have been adjusted to 2014 dollars to account for inflation. Average Tuition and Fees in 2014 Dollars 2000-01 to 2014-15 Academic Year Public Four-Yr Public Two-Yr 00-01 $4,837 $2,264 01-02 $5,055 $2,158 02-03 $5,421 $2,214 03-04 $6,018 $2,473 04-05 $6,448 $2,615 05-06 $6,696 $2,660 06-07 $6,795 $2,653 07-08 $7,081 $2,624 08-09 $7,148 $2,580 09-10 $7,825 $2,842 10-11 $8,337 $2,997 11-12 $8,728 $3,135 12-13 $8,991 $3,280 13-14 $9,062 $3,306 14-15 $9,139 $3,347 a. What is the absolute change in tuition and fees at public four-year institutions from 2005-06 to 2014-15? b. Calculate the relative change in tuition and fees at public four-year institutions from 2005-06 to 2014-15. Round to the nearest whole percentage point. c.…arrow_forwardShirley Riddle's net biweekly earnings arearrow_forwardThe Social Security Administration announced the following rates to explain what percent of your Social Security benefits you will receive based on how old you are when you start receiving Social Security benefits. Percent of Age 62 63 64 65 66 Benefit 75 80 86.7 93.3 100 Assume Shelley Kate decides to take her Social Security at age 63. What amount of Social Security benefit will she receive each month, assuming she is entitled to $870 per month? Amount of Social Security benefitarrow_forward
- The median home value in West Virginia and Rhode Island (adjusted for Inflation) are shown below.arrow_forwardUse the CPI from year 2005 to 2015 provided in the table. Year Base 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year CPI 100,00 102.80 104.70 107.00 109.10 111.50 114.10 114.40 116.50 119.90 121.70 122.80 The college tuition fee for the year 2010 was $3,500. What would the tuition fee be for the year 2015 if the tutition fee increased with the inflation rate during the period? Round to the nearest cent SAVE PRO 9°C A Chparrow_forwardIf an item cost $2,500 in 2005, what would be an equivalent amount in 2008 and 2009? Use the CPI provided in the following table. Year Base 2005 2006 2007 2009 2009 2010 2011 2012 2013 2014 2015 Year CPI 100 102.8 104.7 107 109.1 111.5 116 5 114.1 1144 119.9 121.7 122.9 a. What would be an equivalent value in 2008? Round to the nearest cent b. What would be an equivalent value in 2009? Round to the nearest cent SAVE PROG 4°C A hparrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Inverse Functions; Author: Professor Dave Explains;https://www.youtube.com/watch?v=9fJsrnE1go0;License: Standard YouTube License, CC-BY