Suppose a manufacturer has recorded its cost of electricity (in dollars) and the total number of hours of machine time for their factory during a certain number of weeks. They want to use the data to estimate electric bills based on machine time. Their new statistician analyzed the data. The results are shown below. (Assume scatterplot shows a linear relationship.)

Descriptive Statistics: Time, Cost

VariableMeanStDev

Time102

Cost1042259

Pearson's Correlation: 0.74

For 5 hours machine time, how much is the cost? Choose the closest answer.

$562.85

$95.83

$479.15

None of these choices is correct.