Math Problem Statement

According to the Bureau of Labor and Statistics, in 2022 “Average expenditures per consumer unit for 2022 were $70,021,” where “consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.” a. “The average American lives on $𝐷 per day” is a common type of statistic used (not just about Americans either). Using the information above, determine a reasonable amount that could represent 𝐷 in this statistic. Be sure to explain your reasoning

Solution

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Math Problem Analysis

Mathematical Concepts

Division
Annual Expenditure
Daily Average

Formulas

D = Total Annual Expenditure / Number of Days in a Year

Theorems

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Suitable Grade Level

Grades 9-12