Question: Caf Michigans manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observation, Gary has gathered
Caf Michigans manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observation, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values:

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? What is the correlation between these two variables?
PRICE $2.70 $3.50 $2.00 $4.20 $3.10 $4.05 NUMBER SOLD 760 510 980 250 320 480Step by Step Solution
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