Question 318864: 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
1. Rewrite the mathematical model equation in terms of x, ie x=?
- Hide quoted text -
2. How many employees are needed to make at least $6000?
3. How much revenue is estimated if there are 200 employees in the Company?
4. How many employees must be hired to break even?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! 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
1. Rewrite the mathematical model equation in terms of x, ie x=?
20.5x = y+5000
x = (y+5000)/20.5
===========================
2. How many employees are needed to make at least $6000?
Solve 20.5x-5000 >= 6000
20.5x >= 11000
x >= 536.59
Round up to get x >= 537
-----------------------------------------
3. How much revenue is estimated if there are 200 employees in the Company?
y = 20.5*200-5000 = -$900
---------------------------------
4. How many employees must be hired to break even?
Solve for "x":
20.5x-5000 = 0
20.5x = 5000
x = 243.90
Round up to x = 244
=================
Cheers,
Stan H.
|
|
|
