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 $
5 answers
$547.00
try again
The revenue generated for a $200.00 investment in advertising is $514.00
nope
To predict the revenue generated if the company invests $200.00 in advertising, we can use the equation of the trend line:
y = 2.53x + 43
Substitute x = $200.00 into the equation:
y = 2.53($200.00) + 43
y = $506.00 + $43.00
y = $549.00
Therefore, the predicted revenue generated for a $200.00 investment in advertising is $549.00.
y = 2.53x + 43
Substitute x = $200.00 into the equation:
y = 2.53($200.00) + 43
y = $506.00 + $43.00
y = $549.00
Therefore, the predicted revenue generated for a $200.00 investment in advertising is $549.00.