Question: Caf 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
Caf 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 the following data,
Which show the numbers of these coffees sold over six different price values
Price
$2.60
$3.40
$1.90
$4.20
$3.20
$4.10
Number Sold
770
510
980
250
315
475
Using simple linear regression and given that the price per cup is $1.85, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place).
Cats Michigan's manager, Gary Stark, suspects that demand for mocha latte collees depends on the price being charged. Based on historical coservatons, Gary has gatherod the following data. Which show the numbers of these coffees sold aver she different price values: \begin{tabular}{cc} & \\ \hline Price & Number Sold \\ \hline$2.60 & 770 \\ $3.40 & 510 \\ $1.90 & 980 \\ $4.20 & 250 \\ $3.20 & 315 \\ $4.10 & 475 \\ \hline \end{tabular} Using simple ilnear regression and given that the price per cup is $1.85, the forecasted demand for mocha latte coffees wil be cups (enter your respanse roundod to one docimai place)
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