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 10 20 30 40 C = cost 200 350 500 650 (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 turnover is 35% in a year. million dollars
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 10 20 30 40 C = cost 200 350 500 650 (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 turnover is 35% in a year. million dollars
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 | 10 | 20 | 30 | 40 |
|---|---|---|---|---|
| C = cost | 200 | 350 | 500 | 650 |
(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 turnover is 35% in a year.
million dollars
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