our 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)

Question

our 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)

Bot GPT 3.5 · Answer

To predict the revenue generated if $200.00 is invested in advertising, we substitute $200.00 for x in the equation of the trend line: y = 2.53(200) + 43 = 506 + 43 = 549 Therefore, if your company invests $200.00 in advertising, the predicted revenue generated will be $549.00.