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2. The following problem continues to build on your ability to make "Back of the Envelope"...

2. The following problem continues to build on your ability to make "Back of the Envelope" calculations but this time using common daily life things.

(a) If you had to determine how many litres of gasoline is consumed by car drivers in Mississauga on a monthly basis, list the variables you need to determine for your calculation.

(b) Some of the above values you will need to make an approximation for. Others are simply statistics you can Google (look up). List all values of your identified variables along with brief justifications for your choice.

(c) Now actually estimate how many litres of gasoline is used in 1 month.

(d) If the markup of gasoline is about 6 cents/liter, estimate the total profit oil companies make monthly from Mississauga residents.

(e) How much does someone spend on their cell phone bill in their lifetime? (f) If you put $200/month into a savings account, how much will you have when you retire?

(g) Estimate how many plastic bags used in Mississauga in 1 year.

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