Cale Michigan's manager, Gary Stark, sunpects that demand for mocha latte coffees depends on the price...
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Cale Michigan's manager, Gary Stark, sunpects 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 cofflees sold over six different price values: Price Number Sold $2.70 770 $3.60 510 980 245 315 $1.90 $4.30 $3.10 $4. 10 490 Uning simple linear regression and given that the price per cup is $1.80, the forecasted demand for mocha latte coffeen will beaups (anter your responne rounded to one decimal place). Cale Michigan's manager, Gary Stark, sunpects 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 cofflees sold over six different price values: Price Number Sold $2.70 770 $3.60 510 980 245 315 $1.90 $4.30 $3.10 $4. 10 490 Uning simple linear regression and given that the price per cup is $1.80, the forecasted demand for mocha latte coffeen will beaups (anter your responne rounded to one decimal place).
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