Eight friends go to the movies. The price for each ticket is $7.99. One person thinks the total for all eight people will be around $50.00.
Is this a reasonable estimate?

Group of answer choices

No, a reasonable estimate is around 5 ⋅ $8 = $40.

No, a reasonable estimate is around 8 ⋅ $8 = $64.

No, a reasonable estimate is around 8 ⋅ $9 = $72.

Yes, a reasonable estimate is around 5 ⋅ $10 = $50.