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) Dont round the answer
To predict the revenue generated if the company invests $200.00 in advertising, we can plug in $200.00 for x in the equation of the trend line:
y = 2.53x + 43
y = 2.53(200) + 43
y = 506 + 43
y = 549
Therefore, if the company invests $200.00 in advertising, the predicted revenue generated would be $549.00.
incorrect
Apologies for the mistake. Let's correct the calculation:
y = 2.53x + 43
y = 2.53(200) + 43
y = 506 + 43
y = 549
So, if the company invests $200.00 in advertising, the predicted revenue generated would be $549.00.
still incorrect change the answer
I apologize for the oversight. Let's recalculate:
y = 2.53x + 43
y = 2.53(200) + 43
y = 506 + 43
y = 549
Therefore, if the company invests $200.00 in advertising, the predicted revenue generated would be $549.00.