Question

The equation y. 155x -110.419 approximates the total cost in dollars of raising a child in the United States from birth to 17 years, given the household s annual income. x Approximately how much would it cost to raise a child in a household with an annual income of $78,300?

Answer 1

The equation is y=1.55X+110,419 and they give you X so put that in: y=1.55(78,300)+110,419. Now you multiply: 1.55(78,300)=121,365, y=121,365+110,419. Now add: 121,365+110,419=231,784 :)

Answer 2

How much would it cost to raise a child from birth to 17 years in a household with an annual income of $48,000?

$184,819

Got it right on the test :)

Explanation: