Market researchers were interested in the relationship between the number of pieces in a brick-building set and the cost of the set. Information was collected from a survey and was used to obtain the regression equation ý =
0.08x + 1.20, where x represents the number of pieces in a set and ŷ is the predicted price in dollars) of a set.
What is the predicted price of a set that has 500 pieces?
$40
$41.20
$600
$6,235