Poverty Threshold Poverty thresholds are determined by the U.S. Census Bureau. A Poverty threshold represents the minimum annual household income for a family not to be considered poor. In 2003, the poverty threshold for a family of four with two children under the age of 18 years was $18,660. In 2013, the poverty threshold for a family of four with two children under the age of 18 years was $23,624. Assuming that poverty threshold increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold for a family of four with two children under the age of 18 in 2008. How does your result compare to the actual poverty threshold in 2008 of $21,8347? Source: U.S. Census Bureau.
Poverty Threshold Poverty thresholds are determined by the U.S. Census Bureau. A Poverty threshold represents the minimum annual household income for a family not to be considered poor. In 2003, the poverty threshold for a family of four with two children under the age of 18 years was $18,660. In 2013, the poverty threshold for a family of four with two children under the age of 18 years was $23,624. Assuming that poverty threshold increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold for a family of four with two children under the age of 18 in 2008. How does your result compare to the actual poverty threshold in 2008 of $21,8347? Source: U.S. Census Bureau.
Solution Summary: The author compares the poverty threshold for a family of four with two children under the age of 18 in 2008 using the midpoint formula.
Poverty Threshold Poverty thresholds are determined by the U.S. Census Bureau. A Poverty threshold represents the minimum annual household income for a family not to be considered poor. In 2003, the poverty threshold for a family of four with two children under the age of 18 years was $18,660. In 2013, the poverty threshold for a family of four with two children under the age of 18 years was $23,624. Assuming that poverty threshold increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold for a family of four with two children under the age of 18 in 2008. How does your result compare to the actual poverty threshold in 2008 of $21,8347?
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY