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Stats assignment

Question # 00002282
Subject: Mathematics
Due on: 10/15/2013
Posted On: 10/13/2013 04:14 PM

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Coffee Palace s manager, Joe Felan, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Joe 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 / 980, $4.20 / 250, $3.10 / 320, $4.05 / 480. Using these data, how many mocha latte coffees would forecast to be sold according to simple linear regression if the price per cup were $2.80? (Answer in Excel)

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Other Requirements: Answer in Excel only please.

Tags aignment stats price coffees sold latte data mocha requirements excel answer number values different using linear additional regreion simple according forecast following suspects demand felan manager palace depends charged gathered coffee observations

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Stats assignment

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