Question
A researcher builds a statistical model to determine weekly revenue from advertising spending. Use the model y=302+2.6x
to estimate the weekly revenue if $150.00 is spent on advertising.(1 point)
$
.00
The estimated weekly revenue can be calculated by plugging in the value of x (advertising spending) into the model:
y = 302 + 2.6(150)
y = 302 + 390
y = 692
So, the estimated weekly revenue from $150.00 spent on advertising is $692.00.