Question

Required information E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4,5-5) 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 116 $9,330 138 11,300 154 12,200 98 8,000 102 8,530 134 10,390 122 9,830 108 8,950

Answer 1

Week	Number of Campers	Cost to Run Camp
1	116	$         9,330
2	138	$      11,300
3	154	$      12,200
4	98	$         8,000
5	102	$         8,530
6	134	$      10,390
7	122	$         9,830
8	108	$         8,950

SUMMARY OUTPUT
Regression Statistics
Multiple R	0.991357965
R Square	0.982790616
Adjusted R Square	0.979922385
Standard Error	201.4810341
Observations	8
ANOVA
	df	SS	MS	F	Significance F
Regression	1	13909619.86	13909619.86	342.6469882	1.60313E-06
Residual	6	243567.6426	40594.6071
Total	7	14153187.5
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	980.243346	482.6311031	2.03104056	0.088536104	-200.7124198	2161.199112	-200.7124198	2161.199112
Number of Campers	72.7243346	3.928767214	18.5107263	1.60313E-06	63.11098754	82.33768166	63.11098754	82.33768166

1.
Intercept = $980.24
X intercept = $72.72

2.
Total Cost = $980.24 + $72.27 x Number of Campers

3.
Total Cost for 122 children = $980.24 + $72.27 x 122 = $9797.18