In many jobs, you can calculate how much money a person would make in a year by doing some calculations. First you multiply the hourly wage by the number of hours worked per week. Then, multiply that number by the total number of weeks in a year (52)
However, as we have just learned, an offshore oil rig worker typically works 3 weeks and then has 3 weeks off. This means that ultimately, they will only work half of a year which is 26 weeks. Since they do not have a consistent weekly rate, we would do this calculation differently. In this case, we will calculate the money an hourly wage earner working on an offshore oil rig would make in a year. First you multiply the hourly wage by the number of hours worked per day. Then you multiply the daily rate by the number of days per year. An offshore oil rig worker typically works 3 weeks on and then has 3 weeks off. This means they will only work half of a year which is 26 weeks or about 182 days. They also usually work 12 hour days.
(10 points)
One estimation is that offshore oil rig workers will make on average $22 dollars per hour. To calculate the daily pay rate, you would multiply that rate by the number of hours worked per day (12). This means that on average an offshore oil rig worker will make about __? dollars per day. Since they end up working half of the year, they will work about 182 days a year. Multiply the daily pay rate by the number of days an off shore oil rig worker will work in one year to calculate how much they make a year. On average an offshore oil rig worker will make about __ dollars per year.
Fill in the blanks
Based on the information provided, an offshore oil rig worker will make about $264 ($22 * 12) dollars per day.
Since they work half of the year (182 days), they will make about $48,048 ($264 * 182) dollars per year.