(Answered) : Café Michigan’s​ manager, Gary​ Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based

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

510

​$2.00

990

​$4.30

250

​$3.00

315

​$4.10

475

Using simple linear regression and given that the price per cup is ​$1.75​, the forecasted demand for mocha latte coffees will be _____ cups ​(enter your response rounded to one decimal​place).

Expert Answer

Linear regression can be done using Excel. Use the data given above to form an XY scatter plot. The trendline of the plot

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