Create a market analysis of salary levels of the software analysts.
A linear correlation has been found between the number of trouble calls taken by software analysts and their salaries. The equation for this correlation is expressed as follows:
S = 545X + 36,400
X number of trouble calls handled weekly
S is the annual salary of the software analyst.
Equation for annual income to offset the software analyst salary:
I = 2,340X
X is the number of trouble calls handled weekly by software analysts, and I is the annual income for subsidizing the software analyst salary.
Create a Microsoft Excel spreadsheet with single worksheet follow steps:
Create a table with 3 columns. Label the first column "Weekly Trouble Calls - X," the second column "Salary," and the third column "Income."
In the column labeled "Weekly Trouble Calls," enter numbers from 1 to 50, one number per row.
Create formulas for the Salary column and Income column to calculate the value of S and I based on the equations above for each of the 50 values of X. Format these 2 columns to be currency, rounded to whole dollars.
Create a line graph showing the two lines formed by both equations. Add a legend identifying the lines as Salary and Income. Format the axes, if necessary, to avoid a crammed look. For the horizontal axis, specify an interval unit of 5 and choose "Position Axis on Tick Marks."
Using text labels, indicate the following information on the graph:
· The break-even point
· The area that represents profit
· The area that represents loss