Regression Analysis Was Applied Between Sales (In $1000)and Advertising (In

Multiple Choice

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained.


= 500 + 4 X
Based on the above estimated regression line if advertising is $10,000,then the point estimate for sales (in dollars) is

A) $900
B) $900,000
C) $40,500
D) $505,000