Question

A family refers to two or more people related by marriage,birth, or adoption who reside together. in 2000, in Country A, the average networth of a family was $240,000 and there were about 8.8 * 10 to the seventh power families. Calculate the total networth of a family in 2000

Answer 1

I came up with .0027 but I do not think that is right

Answer 2

it says

"in 2000, in Country A, the average networth of a family was $240,000 "

so the question is asking what's already given...something seems off

Answer 3

I typed it as it was written, I have to use scientific notation and round to the nearest tenth as needed
\[\frac{ 2.4*10^{5} }{ ?8.8*10^{7} }\]

Answer 4

i see how you got 0.0027, but the problem doesn't make sense. It gives you the net worth, but asks you what the net worth is.

Answer 5

Then I came up with \[2.7\times10^{-2}\]

Answer 6

I see what you are saying about that as well Im so lost lol

Answer 7

\[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = \frac{2.4}{8.8} \times 10^{5-7}\]

\[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = 0.27 \times 10^{-2}\]

\[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = (2.7 \times 10^{-1}) \times 10^{-2}\]

\[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = 2.7 \times 10^{-1-2}\]

\[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = 2.7 \times 10^{-3}\]

Answer 8

but I doubt that's what you're looking for since they want the net worth

Answer 9

I am not sure where you came up with the
2.7 x \[10^{-1-2}\]
because my examples from other problems just subtract straight down

Answer 10

I'm adding the exponents because I'm multiplying 10^(-1) and 10^(-2)

Answer 11

-1 + (-2) = -1 - 2

Answer 12

No I get that part, what I do not get is where the \[10^{-1}\]
even came from????

Answer 13

oh 0.27 = 2.7 x 10^(-1)

Answer 14

Well almost I am pretty sure that if you take the original equation and then

Answer 15

divide the parts seperately it equals \[2.7\times10^{-2}\]

Answer 16

the answer is 0.0027, which in scientific notation is 2.7 x 10^(-3)

Answer 17

so you're missing that 10^(-1)

Answer 18

well i mean \[\frac{ 2.4*10^{5} }{ 8.8*10^{7} } = 0.0027\]

Answer 19

So Country A's total family net worth is .0027 dollars?

Answer 20

problem is...that makes no sense whatsoever

Answer 21

if that was true, then this is the poorest country ever (and I mean really poor)

Answer 22

lol now you see my confusion

Answer 23

yeah this problem is just messed up

Answer 24

I'm sry

Answer 25

maybe it is asking for the total networth of all the families combined.?

Answer 26

hmm good point, but it says

Calculate the total networth of A FAMILY in 2000

so idk

Answer 27

I see the confusion. The problem is worded funny. It is your choice, finding the total seems more logical to me. As we are told in engineering, if you state your assumption you can not be wrong, haha. So state I am assuming they are asking for the total networth of all families. haha

Answer 28

I don't like this problem ultimately.

Answer 29

same here

Answer 30

Is it maybe asking that i use the scientific notation of simplifying the $240,000 down to 2.4 x \[10^{5}\]

Answer 31

I'd just say the answer is $240,000...that's what they're asking for

Answer 32

sure you can write the answer in sci notation if you want

Answer 33

Thank you to you both, I'm simply going to show the work and then explain where the word problem became confusing as to what it was asking for.

Answer 34

np

Answer 35

The problem does not make meaning something is missing

Answer 36

That is the entire problem. and then it says Country A's total family net worth is ____ dollars?
(use scientific notation, and round to the nearest tenth as needed

Answer 37

well the answer ended up being \[2.1\times10^{13}\]

Answer 38

hmm there's probably some formula used to get that...not sure which one