Question
Offered Price \$10.00

Stats assignment

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

Rating:
4.1/5
Posted By
Questions:
4712
Tutorials:
6358
Feedback Score:

Question

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)

Tutorials for this Question
Available for
\$10.00

Stats assignment

Tutorial # 00002100
Posted On: 10/13/2013 04:15 PM
Posted By:
mac123
Questions:
4712
Tutorials:
6358
Feedback Score:
Tutorial Preview ……
Attachments
stats_2.xlsx (11.72 KB)
Preview: StatP-valueLower xxxxxxxx 95%Number.....
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + \$0.30) applicable