Concept explainers
Employee Turnover 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 Walmart for a given employee turnover percentage in a year.13
E
|
10 | 20 | 30 | 40 |
C
|
250 | 400 | 550 | 700 |
a. Show that the data can be modeled by a linear function.
b. Find the slope of the linear function.
c. Find a linear model for the data.
d. Use the result from part c to find the cost to Walmart if employee turnover is 33% in a year.
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