Regression Analysis Was Applied Between Sales (Y in $1,000) and Advertising

Multiple Choice

Regression analysis was applied between sales (Y in $1,000) and advertising (X in $100) , and the following estimated regression equation was obtained. = 80 + 6.2 X
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