SOLUTION: Please help me!!The amount of revenue made in Company XYZ is predicted to make follows the mathematical model y = 20.5x-5000, where y is the amount of revenue, and x is the number
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Question 319111: Please help me!!The amount of revenue made in Company XYZ is predicted to make follows the mathematical model y = 20.5x-5000, where y is the amount of revenue, and x is the number of employees
How much revenue is estimated if there are 200 employees in the Company?
How many employees must be hired to break even?
Rewrite the mathematical model equation in terms of x, ie x=????
How many employees are needed to make at least $6000?
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The amount of revenue made in Company XYZ is predicted to make follows the mathematical model y = 20.5x-5000, where y is the amount of revenue, and x is the number of employees.
I will solve part (a) only.
(a) How much revenue is estimated if there are 200 employees in the Company?
Replace x with 200 and solve for y.
y = 20.5(200)- 5000
y = 4100 - 5000
y = -900