Question

Based on salary studies by The Associated Press, major league baseball's average salary for the 2004 season was $2,486,609, representing a decrease of 2.7% over the previous season's average. Round the 2004 average player salary to the nearest hundred thousand.

a) $2,400,000
b) $2,500,000
c) $2,600,000
d) $2,300,000

Answer 1

The major league baseball average player salary for the 2004 season when rounded to the nearest hundred thousand is $2,500,000.

Step-by-step explanation:

The average player salary in major league baseball for the 2004 season was $2,486,609, which needs to be rounded to the nearest hundred thousand.

To determine the rounding:

• Identify the hundred thousands place: $2,486,609
• Look at the number to the immediate right (the ten thousand's place): 8
• Since 8 is 5 or greater, round up the hundred thousand's place from 4 to 5
• The average player salary rounded to the nearest hundred thousand is $2,500,000

The answer is thus b) $2,500,000.