Please help! Identify the type of correlation that is present in the scatter plot.
2 answers:
You might be interested in
Answer:
Total inventory: $175,000
Inventory in the stockroom: $35,000.
Inventory on the selling floor: $140,000.
Step-by-step explanation:
Let x be the the total inventory.
We have been given that in the Holiday Shop the manager wants 20% of the total inventory in the stockroom. You placed $35,000 of inventory in the stockroom.
We can set an equation such that 20% of x equals $35,000.
Since $35,000 of inventory in the stockroom, so we will subtract $35,000 from $175,000.
Therefore, $140,000 of the inventory on the selling floor.