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)%0D%0AThe revenue generated for a $200.00 investment in advertising is $.
The revenue generated for a $200.00 investment in advertising is $541.00.
no
Apologies for the incorrect answer. Let's calculate the revenue generated for a $200.00 investment in advertising using the equation y = 2.53x + 43.
Substituting x = 200 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 the company invests $200.00 in advertising, we can use the equation of the trend line: y = 2.53x + 43.
In this equation, "y" represents the revenue generated, and "x" represents the advertising dollars spent. We want to find the revenue for an investment of $200.00, so we substitute x = 200 into the equation.
y = 2.53 * 200 + 43
y = 506 + 43
y = 549
Therefore, the predicted revenue generated if the company invests $200.00 in advertising is $549.00.