Question

Estimate sales for advertising of $800 and$2000 if
Sales = $6500 + $4.95 ⋅ Advertising

Answer 1

Using the given sales estimation formula, the estimated sales for $800 advertising is $10460, while for $2000 advertising it is $16400.

Step-by-step explanation:

The student's question involves using a linear equation to estimate sales based on advertising spending.

First, let's apply the given equation Sales = $6500 + $4.95 × Advertising to estimate the sales for advertising of $800 and $2000.

• For $800 in advertising: Sales = $6500 + ($4.95 × 800) = $6500 + $3960 = $10460.
• For $2000 in advertising: Sales = $6500 + ($4.95 × 2000) = $6500 + $9900 = $16400.

Thus, with an advertising budget of $800 and $2000, the estimated sales would be $10460 and $16400, respectively.