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Exercise 2. Value of Education. The following table shows median annual earnings (in 2011) for women and men with various levels of education. (Source: U.S. Census Bureau.) Women Men High school only $21,113 $40,447 Associate's degree only $39,286 $50,928 Bachelor's degree only $49,108 $66,196 Professional degree $80,718 $119,474 As a percentage, how much more does a man with a bachelor's degree earn than a woman with a bachelor's degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?

Exercise 2. Value of Education. The following table shows median annual earnings (in 2011) for women and men with various levels of education. (Source: U.S. Census Bureau.) Women Men High school only $21,113 $40,447 Associate's degree only $39,286 $50,928 Bachelor's degree only $49,108 $66,196 Professional degree $80,718 $119,474 As a percentage, how much more does a man with a bachelor's degree earn than a woman with a bachelor's degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
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at O Tell me what you want to do... Exercise 2. Value of Education. The following table shows median annual earnings (in 2011) for women and men with various levels of education. (Source: U.S. Census Bureau.) Women Men High school only $21,113 $40,447 Associate's degree only $39,286 $50,928 Bachelor's degree only $49,108 $66,196 Professional degree $80,718 $119,474 As a percentage, how much more does a man with a bachelor's degree earn than a woman with a bachelor's degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?
Transcribed Image Text:at O Tell me what you want to do... Exercise 2. Value of Education. The following table shows median annual earnings (in 2011) for women and men with various levels of education. (Source: U.S. Census Bureau.) Women Men High school only $21,113 $40,447 Associate's degree only $39,286 $50,928 Bachelor's degree only $49,108 $66,196 Professional degree $80,718 $119,474 As a percentage, how much more does a man with a bachelor's degree earn than a woman with a bachelor's degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?
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