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Following is the relationship between sale (y-axis) vs payroll (x-axis) of a company:y = 0.37x + 1.83Required: Determine the Sale (in $ billion) if Payroll is $6 billion?

Question

Following is the relationship between sale (y-axis) vs payroll (x-axis) of a company:y = 0.37x + 1.83Required: Determine the Sale (in billion)ifPayrollis billion) if Payroll is 6 billion?

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Solution

To determine the Sale (in billion)ifPayrollis billion) if Payroll is 6 billion, we can substitute the value of Payroll (x) into the equation.

The equation is y = 0.37x + 1.83

Substitute x = 6 into the equation:

y = 0.37*6 + 1.83 y = 2.22 + 1.83 y = 4.05

So, if the Payroll is 6billion,theSalewouldbe6 billion, the Sale would be 4.05 billion.

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