Question

The equation y = 1.55x + 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.

What is the approximate total cost of raising a child from birth to 17 years in a household with an annual income of 80,321

Answer 1

he cost to raise a child from birth to 17 years in a household is $194119.

Explanation:

Important information:

The equation y = 1.55x + 110,419

The annual incoem is $54,000

Calculation of the cost:

y = 1.55(54,000) + 110419

y = 83700 + 110419

y = $194119