330,415 views
43 votes
43 votes
Please help me on the question I don’t get it c) For architects, by what percent did the median earnings increase for those who held a graduate degree compared to those who were recent college graduates? (round to the nearest integer)d) For nurses, by what percent did the median earnings increase for those who held a graduate degree compared to those who were recent college graduates? (round to the nearest integer)

Please help me on the question I don’t get it c) For architects, by what percent did-example-1
Please help me on the question I don’t get it c) For architects, by what percent did-example-1
Please help me on the question I don’t get it c) For architects, by what percent did-example-2
Please help me on the question I don’t get it c) For architects, by what percent did-example-3
User Jacob R
by
2.6k points

1 Answer

17 votes
17 votes

(a) From the graph, the average recent college graduate engineer makes $65000, and the average recent college graduate accountant makes $40000. Therefore, an engineer makes $65000 - $40000 = $25000 more than the accountant.

(b) In marketing, the average graduate degree holder makes approximately $80000 (rounded down to the nearest thousand), and the average recent college graduate makes approximately $35000 (rounded down to the nearest thousand). Therefore, the average graduate degree holder makes $80000 - $35000 = $45000 more than the average recent college graduate

(c) graduate degree holder architect average earning: $75000 (rounded down to the nearest thousand)

average recent college graduate architect average earning: $35000 (rounded down to the nearest thousand)

The percent increase is computed as follows:


\begin{gathered} \text{percent increase = }\frac{\text{ degr}ee\text{ holder - college graduate}}{\text{college graduate}}\cdot100 \\ \text{percent increase = }(75000-35000)/(35000)\cdot100 \\ \text{percent increase }\approx114\text{ \%} \end{gathered}

(d) graduate degree holder nurse average earning: $ 80000 (rounded down to the nearest thousand)

average recent college graduate nurse average earning: $45000 (rounded down to the nearest thousand)

The percent increase is computed as follows:


\begin{gathered} \text{percent increase = }\frac{\text{ degr}ee\text{ holder - college graduate}}{\text{college graduate}}\cdot100 \\ \text{percent increase = }(80000-45000)/(45000)\cdot100 \\ \text{percent increase = 78 \%} \end{gathered}

(e) Comparison between average earning of a degree holder and of a college graduate for each area:

Engineers

Increase = degree holders - college graduate

Increase = 110000 - 65000

Increase = 45000

Nurses

Increase = degree holders - college graduate

Increase = 80000- 45000

Increase = 35000

Finance

Increase = degree holders - college graduate

Increase = 100000 - 45000

Increase = 55000

Accountant

Increase = degree holders - college graduate

Increase = 85000 - 40000

Increase = 45000

Architects

Increase = degree holders - college graduate

Increase = 75000 - 35000

Increase = 40000

Marketing

Increase = degree holders - college graduate

Increase = 80000 - 35000

Increase = 45000

The greatest increase from college graduates to degree holders is in Finance

User Shaquana
by
3.3k points