To predict the revenue generated if the company invests $200.00 in advertising, we can substitute the value of x as 200 in the equation of the trend line.
y = 2.53x + 43
Substituting x = 200:
y = 2.53(200) + 43
y = 506 + 43
y = 549
Therefore, the revenue generated for a $200.00 investment in advertising is $549.
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 , 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.(1 point)
The revenue generated for a $200.00 investment in advertising is $
.
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