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 households annual income, x. Approximately how much would it cost to raise a child from birth to 17 years in a household with an annual income of $33,0000

Answer 1

Answer:

$161,569

Step-by-step explanation:

General Relationship y=1.55x+`110,419

where x is household income

for a household with annual income $33,000

Cost of raising child to 17 years, y=1.55x33,000 +110419=161569