Regression Analysis Was Applied Between Sales (In $10,000)and Advertising (In

Multiple Choice

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained.



= 50 + 8 X
Based on the above estimated regression line if advertising is $1,000,then the point estimate for sales (in dollars) is

A) $8,050
B) $130
C) $130,000
D) $1,300,000