A Regression Analysis Between Sales (In $1000) and Advertising (In $\hat { y } = 75 + 6 x$

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: $\hat { y } = 75 + 6 x$ . This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:

A) $4875
B) $123,000
C) $487,500
D) $12,300