Explanation Given Information: The statement “The average median household income for two-year of Maryland in a recent year was $ 57 , 265 ”. Formula used: The procedure used to round a whole number to a specified period is: 1: Identify the digit in the specified period. 2: Find the next digit to the right of the specified period. If this next digit is smaller than 5 , replace the digit and all the digits with zeros to the right. If this next digit is 5 or greater, then the digit in the specified period is added with 1 and all the digits to the right are replaced with zeros. Calculation: Consider the provided statement

11th Edition

ISBN: 8220103633802

Author: NOBLE

Publisher: RENT PEARS

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Chapter 1.1, Problem 3-4SC

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To calculate: The round to the nearest thousand dollars of the number in the statement “The average median household income for two-year of Maryland in a recent year was $57,265”.

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Chapter 1.1, Problem 3-3SC

Chapter 1.1, Problem 3-5SC

Chapter 1 Solutions

EBK BUSINESS MATH

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The round to the nearest thousand dollars of the number in the statement “The average median household income for two-year of Maryland in a recent year was $ 57 , 265 ”.

Solution Summary: The author explains how the number 57,265 in the statement is rounded to the nearest thousand dollars.

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To calculate: The round to the nearest thousand dollars of the number in the statement “The average median household income for two-year of Maryland in a recent year was $57,265”.

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Chapter 1 Solutions