Chapter 1 - Problem Solving and Critical Thinking - 1.2 Estimation, Graphs, and Mathematical Models - Exercise Set 1.2 - Page 26: 30

estimated raise = 1500 actual raise = 1581.63

Work Step by Step

The number of professors = 196 Raise amount to be distributed = 310000 Therefore, the estimated raise amount obtained by each professor is: $= 300000 / 200$ $= 1500$ Actual raise amount obtained by each professor: $= 310000 / 196$ $= 1581.63$

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