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…

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asked Aug 17, 2023 174k views

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Andi Gu · Answer 1 · 2023-08-21T12:40:17+0000

(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