Tag Archive for: suspects

?Café Michigan’s? manager, Gary? Stark, suspects that demand for mocha latte coffees depen…

?Café 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
?$2.70
770
?$3.50
515
?$1.90
975
?$4.10
245
?$3.10
315
?$4.05
490
Using simple linear regression and given that the price per cup is ?$1.85, the forecasted demand for mocha latte coffees will be nothing cups ?(enter your response rounded to one decimal? place).