A researcher builds a statistical model to determine weekly revenue from advertising spending . Use the model y = 302 + 2.6x to estimate the weekly revenue if $150.00 is spent on advertising .
To estimate the weekly revenue with $150.00 spent on advertising, plug in x=150 into the model y=302+2.6x:
y = 302 + 2.6(150)
y = 302 + 390
y = 692
Therefore, the estimated weekly revenue from advertising spending of $150.00 is $692.