Answers

1. Given that Brenda wants to recover her investment, we can say that it would take her almost 2 years to get her median salary.

   How to solve for the median salary

   We have the total costs to be $15000

   then the number of years that it would take to get the degree is 2 years.

   In order to get the median salary we would have to carry out a division

   =  2×$45,258 +15,000 = $105,516

   then  $63,292 -45,258 = $18,034

   $105,516/($18,034 = 5.85

   2 + 5.85 = 7.85

   This can be approximated to almost 8 years

   Hence the median salary that we have here is almost 8 years

   Read more on median here: https://brainly.com/question/19243813

   #SPJ1

   Complete question

   Brenda has an associate’s degree earning the median salary. She wants to quit working and go to college to get just a basic bachelor’s degree. If she completes her degree in 2 years and it costs $15,000, how long will it take her to recover her investment assuming that she earns the median salary? A graph titled Median Annual Household Income by Educational Attainment of Householder, 1997. Professional degree, 92,228 dollars; doctorate degree, 87,232 dollars; master’s degree, 68,115 dollars; Bachelor’s degree or more, 63,292 dollars; Bachelor’s degree, 59,048 dollars; associate degree, 45,258 dollars; some college, no degree, 40,015 dollars; high school graduate, 33,779 dollars; ninth to twelfth grade, 19,851 dollars; than twelfth grade, 15,541 dollars. a. almost 6 years b. almost 7 years c. almost 8 years d. almost 9 years

   Reply