The basis salary for an AISD teacher with 30 year of experiences is $57, 488. Co

Question

The basis salary for an AISD teacher with 30 year of experiences is $57, 488. Compare this aforementioned salary to your household income by calculating both the absolute difference and the relative difference. (Attention: You need to determine which value is the compared value and which value by reading the previous very sentence very closely.) Show your work below and fill in the blanks. Round your answers to the nearest whole percent. Absolute Difference:___Relative Difference___The income $46, 125 puts you in the bottom 41% of household incomes in Austin, TX, while the income $53, 592 puts you at the in the bottom 47% of household incomes in Austin. Suppose that the Austin, TX region consists of 784,000 households. How many households in the region have an income above your household income? Compute the answer below, showing your calculation, and round to the nearest whole number. Circle your answer. A top 1% household income in Texas is about $23,000. Calculate how many times this income is as compared to your household income. Show your work below and fill in the blank with your answer. Round your answer to the nearest whole number.

Explanation / Answer

My total house hold income is$ 52,000. And it is given that the salary of the teacher is $57,186,so

difference between two salaries is 57,186 - 52,000 =$ 5,186

Here as we are comparing our house hold income with teachers income, so clearly teacher`s income is reference value here and my household income is comparing value here.

Now as absolute difference = | comparing value - reference value |=| 52,000 - 57,186 | = $5,186

And reference difference = (comparing value - reference value)/ reference value

= 5186/57186 = - 0.9

that is the answer of question 7.

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