Cafeacute michigans manager gary stark suspects that demand, Ask an Expert

Management Studies

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?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92166668

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