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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 $
.

1 answer

To predict the revenue generated from a $200 investment in advertising using the trend line equation \( y = 2.53x + 43 \):

  1. Substitute \( x = 200 \) into the equation.
  2. Calculate \( y \):

\[ y = 2.53(200) + 43 \]

\[ y = 506 + 43 \]

\[ y = 549 \]

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