Question

O il 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 chadren 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 er of Campers Cost to Run Week 17 112 5 134 Required: 1. Perform a least squares regression analysis on 2. Using the regression output, create a cost equation = bx) for estimating Camp Rainbows operating costs. 3. Using the least squares regression results calculate the camps expected operating costi 140 children attend a session Complete this question by entering Required: Required 2 Required) Perform a least squares regression analysis on Camp Rainbo Microsoft Excel or a statistical package to find the coefficients using least squares regression. Round your answers to 2 decimal places)

Answer 1

R Square Adjusted R Square Standard Error Observations 0.959084336 0.952265058 495.6936578 ANOVA Regression Residual Total 1 6 7 34557726.79 34557726.8 140.6431 2.17 1474273.214 245712.202 36032000 Coefficients Standard Errort Stat p-value Lower Intercept 359.8958956 975.8800302 0.36879113 0.724947 X Variable 1 76.796655 6.475645756 11.8593045 2.17E-05 60.99 Regression Line : Y=a+BX Y=Total Cost , a = Fixed Cost (Interecept), B = Variable cost ,X= Units of Activity Interecept 359.90 X-Variable 1 76.80 Total cost 359.90 + 76.80*Number of Clampers Cost for 140 Clampers Total cost = 359.90+(76.80*140) 11111.90