Question: Intermediate (11 marks; 20 minutes) SOURCE: ADAPTED FROM CIMA PAPER 3C Each year, a large organisation which manufactures domestic electrical appliances pays its employees an
Intermediate (11 marks; 20 minutes)
SOURCE: ADAPTED FROM CIMA PAPER 3C Each year, a large organisation which manufactures domestic electrical appliances pays its employees an annual bonus. The head accountant wishes to assess the effect of the previous year’s bonus on the organisation’s output for the following year.
Data relating to bonus paid (as a percentage of annual salary) and total output (tens of thousands of units sold) over an 8-year period are given in the following table:
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