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:
a 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 $
b What is the MAD?
c What is the Coefficient of Determination?
and what
does that tell you?
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