Using these data how many mocha latte coffees would be


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

760

$3.50

530

$2.00

980

$4.20

250

$3.10

320

$4.05

480

Using these data, how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup were $2.80?

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Using these data how many mocha latte coffees would be
Reference No:- TGS02153497

Expected delivery within 24 Hours