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

Question

, 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 $
.
Remaining Attempts : 3
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Answer 1

To predict the revenue generated with an investment of $200.00 in advertising, we can use the trend line equation:

\[ y = 2.53x + 43 \]

where \( x \) is the amount spent on advertising.

Substituting \( x = 200 \) into the equation:

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

Calculating it step-by-step:

1. Calculate \( 2.53 \times 200 \): \[ 2.53 \times 200 = 506 \]

2. Now add 43: \[ 506 + 43 = 549 \]

So, the predicted revenue generated for a $200.00 investment in advertising is:

\[ y = 549 \]

Therefore, the revenue generated is $549.00.