You find the equation of the trend line to be y=2.53+43. Predict the revenue generated if your company invests $200.00 in advertising. Write the revenue in dollars and cents. The revenue generated for a $200.00 investment in advertising is ?
To predict the revenue generated if a company invests $200.00 in advertising, we need to substitute the value of $200.00 for y in the equation y = 2.53x + 43, where x represents the amount invested in advertising.
Substituting x = 200, we get:
y = 2.53(200) + 43
y = 506 + 43
y = 549
Therefore, the revenue generated for a $200.00 investment in advertising would be $549.