Question

Verdana 10 A A Aa BIUX, X ADA EEEEE Styles Styles Pane Dictate Ser 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. 94 140 Following is the cost information for Camp Rainbow's operations last summer WeekNumber of CampersCost to Run Camp $8,630 11,740 108 8,830 120 9,400 9,010 8,610 8,680 124 9.590 118 100 9,590 Required: 1. Perform a least squares regression analysis on Camp Rainbow's da 2. Using the regression output, create a cost equation (y = a + bx for estimating Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 90 children attend a session. 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 . Using the regression output, create a cost equation ( a + b ) for estimating Camp Rainbow's operating costs. (Round your answers to 2 decimal places.) + + Page 1 of 2 1001 322 words Focus UK English (United States)

Answer 1

ANOVA of ! Regression Residual Total SS MSF 1 5709828 5709828 17.55736 6 1951260 325210 77661088 Intercept X Variable 1 Coefficients andard Ernt Stat P-value Lo 3333.563017 1440.782 2.313719 0.059963 53.49160611 12.76604 4.19015 0.005748 Regression Line : Y=a+BX Y=Total Cost .a = Fixed Cost (Interecept). Intercept X Variable 3333.56 53.49 Regression Equation , Cost = Total cost = 3333.56+(53.49*Number of Clamps ) operating Cost for 90 Childrens 3333.56+90*53.49 8147.66