Your company asked you to analyze the investment of their advertising campaign. You create a
scatterplot graph of the advertising dollars spent on advertising, , 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 $ _
The revenue generated for a $200.00 investment in advertising is $ 543.00.
Not you’re wrong
Apologies for the mistake. Let's calculate the revenue generated for a $200.00 investment in advertising using the equation y = 2.53x + 43, where x represents the advertising dollars spent.
Substituting x = $200.00 into the equation:
y = 2.53(200) + 43
y = 506 + 43
y = 549
Therefore, the revenue generated for a $200.00 investment in advertising is $549.00.
To predict the revenue generated if your company invests $200.00 in advertising, you can plug the value of $200 as 'x' into the equation of the trend line.
The equation of the trend line is given as: y = 2.53x + 43
Replacing x with 200:
y = 2.53 * 200 + 43
y = 506 + 43
y = 549
Therefore, the revenue generated for a $200.00 investment in advertising would be $549.00.