Question: Cafe Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered
PRICE NUMBER SOLD
$2.70............................760
$3.50............................510
$2.00............................980
$4.20............................250
$3.10............................320
$4.05............................480
Using these data, how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup were $2.80?
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Let x 2 x 6 be the prices and y 1 Y 6 be the number sold ... View full answer
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