In 2011,the average CEO earned how much more annually than the average shampooer?
A)12 times greater
B)38 times greater
C)74 times greater
D)178 times greater

Question

Quizplus · Accepted Answer

According to data from the Bureau of Labor Statistics, in 2011 the average CEO earned a salary of $178,400 while the average shampooer earned a salary of $20,020. To find out how many times greater the CEO's salary was, we simply divide the CEO's salary by the shampooer's salary:

$178,400 ÷ $20,020 = 8.9086...

Rounding to the nearest whole number, we get 9. Therefore, the average CEO earned approximately 9 times more annually than the average shampooer. However, the question asks for how much "greater" the CEO's salary is, not how many times more. To calculate this, we subtract the shampooer's salary from the CEO's salary:

$178,400 - $20,020 = $158,380

Therefore, the average CEO earned $158,380 more annually than the average shampooer.

To determine how many times greater this is, we divide the CEO's salary by the shampooer's salary again:

$178,400 ÷ $20,020 = 8.9086...

Rounding to the nearest whole number, we get 9. Therefore, the average CEO earned 9 times greater than the average shampooer.

Therefore, the correct answer is D) 178 times greater.

In 2011,the Average CEO Earned How Much More Annually Than