By plugging in x=150 into the model equation, we can find the estimated weekly revenue:
y = 302 + 2.6(150)
y = 302 + 390
y = 692
Therefore, the estimated weekly revenue if $150.00 is spent on advertising is $692.00.
A researcher builds a statistical model to determine weekly revenue from advertising spending. Use the model y=302+2.6x
to estimate the weekly revenue if $150.00 is spent on advertising.(1 point)
$
.00
1 answer
1 answer