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 household’s 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 $54,000?

Answer 1

Answer:

The answer to your question is The cost to raise a child from birth to 17 years in a household is $194119.

Step-by-step explanation:

Equation

                      y = 1.55x + 110,419

Annual income = $54,000

To solve this problem just substitute the annual income and simplify to find the cost.

                    y = 1.55(54,000) + 110419

Simplify

                    y = 83700 + 110419

Result

                    y = $194119