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 $
The revenue generated for a $200.00 investment in advertising is $553.00.
are you sure?
Apologies for the miscalculation. My previous answer was incorrect.
To find the revenue generated for a $200.00 investment in advertising, we can plug the value of x (advertising dollars spent) into the equation y = 2.53x + 43.
Using x = 200:
y = 2.53 * 200 + 43
y = 506 + 43
y = 549
Therefore, the revenue generated for a $200.00 investment in advertising is $549.00.
You work for a manufacturing company on a production line that manufactures cell phones. You are paid $30 a day plus $0.75 for each phone that you assemble. Predict your wages if you assemble 100 phone in one day, using the equation of the trend line y=0.75x+30 , where x is the number of phones assembled in one day and y is the total wages. Write your wages in dollars and cents.(1 point)
To predict your wages if you assemble 100 phones in one day, we can use the equation y = 0.75x + 30, where x represents the number of phones assembled and y represents the total wages.
Using x = 100:
y = 0.75 * 100 + 30
y = 75 + 30
y = 105
Therefore, if you assemble 100 phones in one day, your wages will be $105.00.
To predict the revenue generated if the company invests $200.00 in advertising, we can use the equation of the trend line provided: y = 2.53x + 43.
In this equation, x represents the advertising dollars spent, and y represents the revenue generated. We want to find the value of y when x is equal to $200.00.
So, substituting x = $200.00 into the equation:
y = 2.53 * 200 + 43
Simplifying the equation:
y = 506 + 43
y = 549
Therefore, if the company invests $200.00 in advertising, the predicted revenue generated would be $549.00.