You found the equation of the trend line to be y = 2.53x + 43 predict the revenue generated if your company invests $200 in advertising

Answer 1

To predict the revenue generated if your company invests $200 in advertising, plug in x = 200 into the equation y = 2.53x + 43:

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

Therefore, the predicted revenue generated if your company invests $200 in advertising would be $549.