In Exercises , formulate the linear or piecewise linear model for the real-life scenario. If a linear model represents a directly proportional Relationship between the independent and dependent variables, so state.
Personal Income In November 2001, Hall Kinion advertised an Account Executive position in Savannah, Georgia, for a salesperson with experience selling Internet services. The job advertised a $35K base salary and $24K to $48K in commissions in the first year. (Source: www.dice.com.)
(a) Assuming a 20 percent commission rate, how many dollars in sales would you have to generate to earn $64K annually?
(b)If you were in the sales field, why would this type of information be valuable to you?
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