Exhibit 14-3 Regression Analysis Was Applied Between Sales Data (In $1,000s) and $1,000s)

Multiple Choice

Exhibit 14-3
Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained.
-Refer to Exhibit 14-3. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is

A) $66,000
B) $5,412
C) $66
D) $17,400