Question: Question 16 1 pts Regression analysis was applied between sales [in $1000) and advertising [in $100} and the following regression function was obtained: 500+4X. Based

Question 16 1 pts Regression analysis was applied between sales [in $1000) and advertising [in $100} and the following regression function was obtained: 500+4X. Based on the above- estimated regression line if advertising is $10,000, then the point estimate for sales (in dollars) is 0 $505,000 0 $900 0 $40,500 @ $900,000

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