Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during...
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Camp Rainbow offers overnight summer camp programs for children ages 10 to 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 4 5 6 7 8 Number of Cost to Run Camp $ 11,550 12,060 10,600 8,310 12,880 10,880 Campers 170 156 124 134 00 90 166 140 168 118 12,510 10,000 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 168 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. Note: Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places. Intercept X Variable 1 Coefficients Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. Note: Round your answers to 2 decimal places. Total Cost = Number of Campers Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the least-squares regression results, calculate the camp's expected operating cost if 168 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places. Total Cost Camp Rainbow offers overnight summer camp programs for children ages 10 to 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 4 5 6 7 8 Number of Cost to Run Camp $ 11,550 12,060 10,600 8,310 12,880 10,880 Campers 170 156 124 134 00 90 166 140 168 118 12,510 10,000 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 168 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. Note: Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places. Intercept X Variable 1 Coefficients Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. Note: Round your answers to 2 decimal places. Total Cost = Number of Campers Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the least-squares regression results, calculate the camp's expected operating cost if 168 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places. Total Cost
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Answer rating: 100% (QA)
Answer and Solution Requirement 1 Intercept a 389559 X variable 168 Solution x y x 2 xy 170 11550 28... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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