Question: Caf Michigan'smanager, GaryStark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historicalobservations, Gary has gathered the followingdata, which
Caf Michigan'smanager, GaryStark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historicalobservations, Gary has gathered the followingdata, which show the numbers of these coffees sold over six different pricevalues:
Price
Number Sold
$2.50
2.50
765
765
$3.60
3.60
510
510
$2.00
2.00
975
975
$4.20
4.20
240
240
$3.20
3.20
325
325
$4.00
4.00
490
490
Using simple linear regressionLOADING...
and given that the price per cup is $1.80
1.80, the forecasted demand for mocha latte coffees will be
694.0
694.0 cups (enter your response rounded to one decimalplace).
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