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 $2.70 $3.50 Number Sold 760 510 980 250 320 480 $2.00 $4.20 $3.10 $4.05 Using simple linear regression and given that the price per cup is $2.80, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place).
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 $2.70 $3.50 Number Sold 760 510 980 250 320 480 $2.00 $4.20 $3.10 $4.05 Using simple linear regression and given that the price per cup is $2.80, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place).
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.CR: Review Exercises
Problem 90CR
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![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
$2.70
$3.50
$2.00
$4.20
$3.10
$4.05
Number Sold
760
510
980
250
320
480
Using simple linear regression and given that the price per cup is $2.80, the forecasted demand for mocha latte coffees will be
cups (enter your response rounded to one decimal place).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50991731-0d15-4d35-8ca5-2e2c7d60ce07%2F04271084-d5a4-42af-9846-5f031b337eab%2Fobowq6i_processed.png&w=3840&q=75)
Transcribed Image Text: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
$2.70
$3.50
$2.00
$4.20
$3.10
$4.05
Number Sold
760
510
980
250
320
480
Using simple linear regression and given that the price per cup is $2.80, the forecasted demand for mocha latte coffees will be
cups (enter your response rounded to one decimal place).
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