The equation y = 1.55x + 110,419 approximates the total amount, in dollars, spent by a household to raise a child in the united states from birth to 17 years, given the household’s annual income, x. assume the household’s total cost of raising a child is $197,219. what is the household’s annual income?

$56,000

Step-by-step explanation:

Given: The equation approximates the total amount, in dollars, spent by a household to raise a child in the United States from birth to 17 years, given the household’s annual income, x.

The household’s total cost of raising a child = $197,219

Put the above value in the equation, we get

Hence, the household’s annual income is $56,000.