Your company asked you to analyze the investment of their advertising campaign. You create a scatterplot graph of the advertising dollars spent on advertising, x

Question

, and compare it to the revenue generated, y
, for January to December of the campaign. You find the equation of the trend line to be y=2.53x+43
. Predict the revenue generated if your company invests $200.00 in advertising. Write the revenue in dollars and cents.
The revenue generated for a $200.00 investment in advertising

Answer 1

can be calculated using the equation of the trend line:

y = 2.53x + 43

Where, x = $200.00.

Substituting x = $200.00 into the equation, we get:

y = 2.53(200) + 43
y = 506 + 43
y = 549

Therefore, the revenue generated for a $200.00 investment in advertising is $549.00.