Question
work Question 14, Problem 4.45 HW Score: 71.67%, 12.9 of 18 points O Points: 0 of 1 Save Caf Michigan's manager, Gary Stark, suspects
work Question 14, Problem 4.45 HW Score: 71.67%, 12.9 of 18 points O Points: 0 of 1 Save Caf 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 $2.60 760 $3.00 515 $2.10 990 $4.30 245 $3.10 $4.05 325 490 Using simple linear regression and given that the price per cup is $1.80, the forecasted demand for mocha latte coffees will be cups (ender your response rounded to one decimal place) Please copy and paste data from text area below. Selected delimiter: Tab 1 Observation Definition Price Number Sold 1 $2.60 760 Determine the slope and intercept for the best fit trend-ine. 2 $3.60 515 3 $2.10 990 4 $4.30 245 $3.10 325 Print Done 6 $4.05 490 Done X
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