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erik [133]
2 years ago
5

In a retail setting, payroll is often based on projected sales. If your payroll budget is 6% of projected sales of $3500.00 and

your average employee earned $10.00 per hour, how many hours can you allocate for the day? *
35
58
21
Mathematics
1 answer:
Bad White [126]2 years ago
6 0

The maximum number of hours that can be allocated in a day is 21

Data given;

  • Sale = $3500
  • Employee pay = $10.00 per hour
  • Percentage allocated to employee = 6% of sales

<h3>Percentage</h3>

This is the process of finding a fraction of a value multiplied by 100.

Let's find the actual figure allocated to employee pay.

6% of $3500 is;

6/100 = x/ 3500\\x = 0.06*3500\\x = 210

The percentage out of sale allocated for employee pay is $210

Now we know the actual amount allocated to employee pay and it is $210.

Divide the amount allocated to employee pay by $10:00 to find the actual hours we can allocate in a day.

y = 210/10 = 21

The maximum number of hours we can allocate in a day is 21 hours.

Learn more on percentage here;

brainly.com/question/843074

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E < 26,226.2 +  518.7197348105429466

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u - 1.96* (s  / \sqrt{n})  < E

26,226.2 -  518.7197348105429466  < E

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lower bound is 25,707.48026519

Therefore the  95% confidence interval is (25,707.480 < E < 26,744.920)

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