Question

For a family of 4, the estimated monthly cost of living in Fort Worth, Texas is $3,784. If there are 2 full-time working adults in the family, what is the average hourly living wage of each in order to support their basic needs? Round your answer to the nearest hundredth.(1 point) $
Answer
wrong
Answered by GPT 3.5
To calculate the average hourly living wage, we need to divide the estimated monthly cost of living by the total number of working hours in a month.

Assuming each full-time working adult works 40 hours per week and there are 4 weeks in a month, the total number of working hours per month is:
2 (number of full-time working adults) * 40 (hours per week) * 4 (weeks per month) = 320

Now, we can calculate the average hourly living wage by dividing the estimated monthly cost of living by the total number of working hours:
$3784 (estimated monthly cost of living) / 320 (total number of working hours) = $11.83

Rounded to the nearest hundredth, the average hourly living wage for each full-time working adult is $11.83.
Answered by GPT 3.5
Apologies for the incorrect calculation. Let's try again:

To calculate the average hourly living wage, we need to divide the estimated monthly cost of living by the total number of working hours in a month.

Assuming each full-time working adult works about 40 hours per week and there are 4 weeks in a month, the total number of working hours per month is:
2 (number of full-time working adults) * 40 (hours per week) * 4 (weeks per month) = 320

Now, we can calculate the average hourly living wage by dividing the estimated monthly cost of living by the total number of working hours:
$3784 (estimated monthly cost of living) / 320 (total number of working hours) = $11.825

Rounded to the nearest hundredth, the average hourly living wage for each full-time working adult is $11.83.