Question

The median weekly income for someone with a high school diploma was $629.00. if they continued their education and obtained a bachelor's degree, their median weekly income would increase by about 63.7%. determine the median weekly income for someone with a bachelor's degree.

a) $228.33
b) $467.89
c) $679.45
d) $1,029.67

Answer 1

The median weekly income for someone with a high school diploma is $629.00. If they continue their education and obtain a bachelor's degree, their median weekly income would increase by about 63.7%. The median weekly income for someone with a bachelor's degree is approximately $1019.45.

Step-by-step explanation:

The median weekly income for someone with a high school diploma is $629.00. If they continue their education and obtain a bachelor's degree, their median weekly income would increase by about 63.7%. To determine the median weekly income for someone with a bachelor's degree, we can calculate:

Current income + (Current income * Percentage increase) = New income

$629 + ($629 * 0.637) = $1019.45

The median weekly income for someone with a bachelor's degree is approximately $1019.45.