subject
Business, 12.02.2020 05:22 deanlmartin

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
$2.00 980
$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?

Can you please show your work?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 14:50
Bayside began 2014 with an inventory t-account debit balance of $155,000. inventory purchases during the year amounted to $75,000. there were no inventory-related write-downs or losses. what is its december 31, 2014, inventory account balance?
Answers: 1
question
Business, 21.06.2019 20:30
Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?
Answers: 1
question
Business, 22.06.2019 02:00
Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?
Answers: 2
question
Business, 22.06.2019 11:20
Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.
Answers: 3
You know the right answer?
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the pri...
Questions
question
Mathematics, 25.03.2021 02:00
question
Mathematics, 25.03.2021 02:00
question
Mathematics, 25.03.2021 02:00