The equation \( y=1.55 x+110,419 \) 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, \( x \). What is the approximate total cost of raising a child from birth to 17 years in a household with a weekly income of \( \$ 1211 \) ? ( \( \$ 112,295.05 \) o \( \$ 132,943.60 \) O \( \$ 155,468.20 \) O \( \$ 208,025.60 \)

To find the approximate total cost of raising a child from birth to 17 years in a household with a weekly income of \( \$1211 \), we first convert the weekly income to annual income. Since there are 52 weeks in a year, the annual income \( x \) is: \[ x = 1211 \times 52 = 62,012 \] Next, we plug this value into the equation: \[ y = 1.55 \cdot 62012 + 110419 \] Calculating that gives: \[ y = 96218.6 + 110419 = 206637.6 \] After evaluating the options provided, none of them perfectly match this outcome, indicating a possible mistake in the calculations or listed options. However, the closest is \( \$208,025.60 \). Mathematically appreciate the fact that the cost of raising children varies based on economic conditions, and factors like location, healthcare, and education can significantly alter total expenses. Did you know that the cost of raising children has been rising over decades? In the 1950s, families spent significantly less, with figures often quoting far less than the now-trending six-figure sums. It's a historical shift influenced by societal changes, escalating living expenses, and evolving expectations regarding child-rearing.