determine the following estimate without using a calculator. then use a calculator to perform the…

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?\na full - time employee who works 40 hours per week earns $20.50 per hour. estimate that persons annual income.\nround 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 $. (round to the nearest thousand as needed.)\nuse 52 weeks per year for the actual income. the actual annual income is $.\nhow 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.\na. the estimate is a little lower than the actual result. the difference is $.\nb. the estimate is a little higher than the actual result. the difference is $.

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?\na full - time employee who works 40 hours per week earns $20.50 per hour. estimate that persons annual income.\nround 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 $. (round to the nearest thousand as needed.)\nuse 52 weeks per year for the actual income. the actual annual income is $.\nhow 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.\na. the estimate is a little lower than the actual result. the difference is $.\nb. the estimate is a little higher than the actual result. the difference is $.

Answer

Explanation:

Step1: Round the values for estimation

Round 52 weeks to 50 weeks and $20.50 per - hour to $20 per - hour.

Step2: Calculate the estimated annual income

The employee works 40 hours per week. The estimated annual income is the product of the number of hours per week, the number of weeks per year, and the hourly wage. So, the estimated annual income $E$ is $E = 40\times50\times20=40000$.

Step3: Calculate the actual annual income

The actual number of weeks is 52 and the actual hourly wage is $20.50$. The actual annual income $A$ is $A=40\times52\times20.50 = 40\times1066=42640$.

Step4: Find the difference between the estimate and the actual value

The difference $d=A - E=42640 - 40000 = 2640$. Since $A>E$, the estimate is a little lower than the actual result.

Answer:

The estimate of annual income is $40000$. The actual annual income is $42640$. A. The estimate is a little lower than the actual result. The difference is $2640$.