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 6 billion?
Solution
To determine the Sale (in 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 4.05 billion.
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