Practices

Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer?A full-time employee who works 40 hours per week earns

$14.50

per hour. Estimate that person's annual income.

Round 52 weeks to 50 weeks per year, and round the hourly wage to the nearest dollar for the estimate. The estimate of annual income is $enter your response here. (Round to the nearest thousand as needed.)Part 2Use 52 weeks per year for the actual income. The actual annual income is

$enter your response here.

Part 3How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice.

A.

The estimate is a little

higher

than the actual result. The difference is

$enter your response here.

B.

The estimate is a little

lower

than the actual result. The difference is

$enter your response here