7. 0/1 points | Previous Answers WaneFMAC6 12.5.037 My Notes An employment resea

Question

7. 0/1 points | Previous Answers WaneFMAC6 12.5.037 My Notes An employment research company estimates that the value of a recent MBA graduate to an accounting company is V = 4e2 + 593 where V is the value of the graduate, e is the number of years of prior business experience, and g is the graduate school grade point average. A company that currently employs graduates with a 3.0 average wishes to maintain a constant employee vaue of V 200, but finds that the grade point average of its new employees is dropping at a rate of 0.4 per year. How fast must the experience of its new employees be growing in order to compensate for the decline In grade point average? (Glve the answer to two decimal places.) 1.45 x years every year Need Help? 1-Read ? Li "Tutori Watch It Talk to My 8.-1 points WaneFMACG 12.5.040

Explanation / Answer

V = 4e2+5g3

200 = 4e2+5(3)3

e2=65/4

e=4.03

V = 4e2+5g3

Differentiating

0 = 4(2) e(de/dt)+5(3)g2(dg/dt)

0 = 8(4.03)(de/dt) +15(9)(-0.4)

de/dt = 1.67 years every year

Related Questions

Navigate

• Browse (All)
• Browse 7
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.