Coffees sold over six different price values

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Cafe 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:

Price Number Sold $2.60 770 $3.60 505 $2.00 990 $4.20 240 $3.00 325 $4.10 475 Using simple linear regression LOADING... and given that the price per cup is $1.75 , the forecasted demand for mocha latte coffees will be nothing cups (enter your response rounded to one decimal place).

Reference no: EM131427703

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Coffees sold over six different price values : Cafe 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 differ..

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