Question

The median yearly salary of an American whose final degree is a master’s is $70 thousand less than twice that of an American whose final degree is a bachelor’s. Combined, two people with each of these educational attainments earn $173 thousand. Find the median yearly salary of Americans with each of these degrees.

Answer 1

Answer:

Step-by-step explanation:

Let  x = the median yearly salary of bachelor degree holder

then x + 2x - $ 70000 = $ 173 000

3x = $ 173 000 + $ 70000  = $ 243000

x = $ 243000 / 3 = $ 81000

the median yearly salary  master's degree holder receives = $ 173 000 - $ 81000 = $ 92000