The percentage of employees who cease their employment during a year is referred to as employee turmover, and it is a serious issue for businesses. The following table shows the cost, in millions of dollars, to a certain company for a given employee turnover percentage in a year. E = employee turnover C= cost 10 20 30 40 250 380 510 640 (a) Show that the data can be modeled by a linear function. For each increase in employee turnover by ten percent the cost increases by million dollars. (b) Find the slope of the linear function. million dollars per percentage point (c) Find a linear model for the data. C(E) = (d) Use the result from part (c) to find the cost to the company if employee tumover is 37% in a year. million dollars

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The percentage of employees who cease their employment during a year is referred to as employee turnover, and it is a serious issue for businesses. The following table shows the cost, in millions of
dollars, to a certain company for a given employee turnover percentage in a year.
E = employee turnover
C= cost
10
20
30
40
250
380
510
640
(a) Show that the data can be modeled by a linear function.
For each increase in employee turnover by ten percent the cost increases by
million dollars.
(b) Find the slope of the linear function.
million dollars per percentage point
(c) Find a linear model for the data.
C(E) =
(d) Use the result from part (c) to find the cost to the company if employee turmover is 37% in a year.
million dollars
Transcribed Image Text:The percentage of employees who cease their employment during a year is referred to as employee turnover, and it is a serious issue for businesses. The following table shows the cost, in millions of dollars, to a certain company for a given employee turnover percentage in a year. E = employee turnover C= cost 10 20 30 40 250 380 510 640 (a) Show that the data can be modeled by a linear function. For each increase in employee turnover by ten percent the cost increases by million dollars. (b) Find the slope of the linear function. million dollars per percentage point (c) Find a linear model for the data. C(E) = (d) Use the result from part (c) to find the cost to the company if employee turmover is 37% in a year. million dollars
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