- #1
tionis
Gold Member
- 459
- 67
Hi, guys. Would you please check if my homework is correct. The graph below shows how the average consumer spends money:
Education-------- 1/50
Insurance-------- 1/10
Entertainment---1/25
Health care----- -3/50
Transportation---1/5
Clothing-----------1/25
Housing----------- 8/25
Food--------------- 7/50
Other-------------- 2/25
Q: What fraction of spending goes for housing and food?
My answer is 23/50.
Q: What fraction of spending goes for education, transportation, and clothing?
My answer is 13/50.
Q: Suppose your family spent $47,000 on the items in the graph. How much might we expect was spent on health care?
I'm having trouble with this one. OK, so I think I should subtract 8/50 from 47000, right?
47,000/1 - 8/50 = 2350000/50 - 8/50 = 2349992/50 = 2349992 ÷ 50 = 46999.84? That can't be right. What am I doing wrong? I think my first two answers are correct, but this last one stumped me, so I've lost confidence. Please help. Thank you.
Education-------- 1/50
Insurance-------- 1/10
Entertainment---1/25
Health care----- -3/50
Transportation---1/5
Clothing-----------1/25
Housing----------- 8/25
Food--------------- 7/50
Other-------------- 2/25
Q: What fraction of spending goes for housing and food?
My answer is 23/50.
Q: What fraction of spending goes for education, transportation, and clothing?
My answer is 13/50.
Q: Suppose your family spent $47,000 on the items in the graph. How much might we expect was spent on health care?
I'm having trouble with this one. OK, so I think I should subtract 8/50 from 47000, right?
47,000/1 - 8/50 = 2350000/50 - 8/50 = 2349992/50 = 2349992 ÷ 50 = 46999.84? That can't be right. What am I doing wrong? I think my first two answers are correct, but this last one stumped me, so I've lost confidence. Please help. Thank you.