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)

Question

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 $_____

PLS HELP

Answer 1

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.

Here, x represents the amount of money spent on advertising and y represents the revenue generated.

Plugging in x = $200.00, we can calculate y:

y = 2.53(200) + 43
= 506 + 43
= 549

Therefore, the revenue generated for a $200.00 investment in advertising is $549.00.