Question

Required information Camp Rainbow offers overnight summer camp programs for children ages 10-14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Week Number of Cost to Run Campers Camp 178 $13,000 126 9,010 118 9,980 138 11,500 8,370 108 , BBD 140 11,800 190 14,360 Required: 1. Perform a least squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (y= a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 140 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Perform a least-squares regression analysis on Camp Rainbow's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 ( Required 1 Required 2 >

Answer 1

	Coeffiecient
Intercept	2587.20
x Variable 1	60.85
Cost Equation
Total Cost (y) = 2587.20 + 60.85x
Total Cost	11106.20

Cost to Run Camp 16000 14000 y = 60.847x+2587.2 12000 10000 Cost to Run Camp 8000 6000 4000 - Linear (Cost to Run Camp) 2000 0 + 0 50 100 150 200