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)The revenue generated for a $200.00 investment in advertising is $.
Apologies for the incorrect answer. Let's calculate the revenue generated for a $200.00 investment in advertising using the given equation:
y = 2.53x + 43
To find the revenue for $200.00 investment, we substitute 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.
The revenue generated for a $200.00 investment in advertising is $527.00.
its wrong
To predict the revenue generated for a $200.00 investment in advertising, we can use the equation of the trend line:
y = 2.53x + 43
Here, x represents the advertising dollars spent, and y represents the revenue generated.
We substitute x = $200.00 into the equation and solve for y:
y = 2.53 * $200.00 + 43
= $506.00 + 43
= $549.00
Therefore, the revenue generated for a $200.00 investment in advertising is $549.00.