Answered

IDNLearn.com: Your go-to resource for finding expert answers. Our experts are ready to provide prompt and detailed answers to any questions you may have.

The table shows median annual earnings for women and men with various levels of education. Assuming the difference in the table remains constant over a 40-year career, approximately how much more does a man with a bachelor's degree earn than a man with a high school education?

\begin{tabular}{|l|c|c|c|c|}
\hline & \begin{tabular}{c}
High \\
School \\
Only
\end{tabular} & \begin{tabular}{c}
Associate's \\
Degree Only
\end{tabular} & \begin{tabular}{c}
Bachelor's \\
Degree Only
\end{tabular} & \begin{tabular}{c}
Professional \\
Degree
\end{tabular} \\
\hline Women & [tex]$\$[/tex] 21,449[tex]$ & $[/tex]\[tex]$ 39,600$[/tex] & [tex]$\$[/tex] 49,134[tex]$ & $[/tex]\[tex]$ 80,416$[/tex] \\
\hline Men & [tex]$\$[/tex] 40,641[tex]$ & $[/tex]\[tex]$ 50,445$[/tex] & [tex]$\$[/tex] 66,757[tex]$ & $[/tex]\[tex]$ 119,216$[/tex] \\
\hline
\end{tabular}

A man with a bachelor's degree earns [tex]$\square$[/tex] more than a man with a high school education over a 40-year career.

Sagot :

GinnyAnsweridn
To determine how much more a man with a bachelor's degree earns compared to a man with only a high school education over a 40-year career, we need to follow these steps:

1. Identify the median annual earnings for men with a high school education and for men with a bachelor's degree from the table.

- Median annual earnings for men with a high school education: \$40,641
- Median annual earnings for men with a bachelor's degree: \$66,757

2. Calculate the difference in annual earnings between the two education levels.

- Difference in annual earnings = Earnings with a bachelor's degree - Earnings with a high school education
- Difference in annual earnings = \[tex]$66,757 - \$[/tex]40,641

3. Multiply the annual difference by the number of years in a 40-year career to find the total earnings difference over this period.

- Total earnings difference = (Annual difference) 40
- Total earnings difference = 26,116 40
- Total earnings difference = \$1,044,640

Therefore, a man with a bachelor's degree earns \$1,044,640 more than a man with a high school education over a 40-year career.
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.