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:

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).
Price $2.60 $3.50 $1.90 $4.20 $3.10 $4.10 Number Sold 765 515 980 250 315 490Step by Step Solution
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