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Regression Analysis Was Applied Between Sales (In $1000s) and Advertising y^\hat { y }

Question 61

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Regression analysis was applied between sales (in $1000s) and advertising (in $100s) , and the following regression function was obtained. ? y^\hat { y } = 80 + 6.2x
?
Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is _____.


A) $62,080
B) $142,000
C) $700
D) $700,000

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