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 $__

Answer 1

To find the predicted revenue generated for an investment of $200.00 in advertising, we can use the equation of the trend line:

\[ y = 2.53x + 43 \]

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

Substituting \( x = 200 \):

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

Calculating \( 2.53 \times 200 \):

\[ 2.53 \times 200 = 506 \]

Now add 43 to that:

\[ y = 506 + 43 = 549 \]

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