Cafe Michigans manager, Gary Stark, suspects that the demand for mocha latte coffees depends on the price being charged.
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Cafe Michigans manager, Gary Stark, suspects that the 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 Numbers sold
$2.60 760
$3.50 510
$2.10 975
$4.20 245
$3.20 315
$4.00 490
Using simple linear regression and given that the price per cup is 1.75, the forecasted demand for mocha lattee coffees will be ? cups(enter response rounded to 1 decimal) Show all work please
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