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. The results of the least squares regression of the number of campers and the cost to run camp are given below. Following is the cost Information for Camp Rainbow's operations last summer Number Cost to Week Campers Run Camp 90 $8,050 2 118 8,460 156 10,900 174 11,100 198 13,670 184 14,300 170 12,325 156 11,270 Required: 1. Perform a least squares regression analysis on Camp Rainbow's data 2. Using the regression output, create a cost equation (yax) for estimating Camp Rainbows operating costs. 3. Using the least squares regression resurss, calculate the camps expected operating cost i 170 children attenda session Complete this question by entering your answers in the tabs below. Required Required Required 2 Perform a least squares regression ahalysis 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 2 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. The results of the least squares regression of the number of campers and the cost to run camp are given below. Following is the cost information for Camp Rainbow's operations last summer, Number of Cost to Week Campers Run Camp 90 $8,050 118 9, 460 156 10,900 124 11, 100 13,670 6 184 14,300 170 12,325 B 156 11,270 NOWN Required: 1. Perform a least squares regression analysis on Camp Rainbow's data 2. Using the regression output, create a cost equation ty= a +b) for estimating Camp Rainbows operating costs. 3. Using the least squares regression results, calculate the camps expected operating cost i 170 children attend a session. Complete this question by entering your answers in the tabs below. Required Required Required 1 3 Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. Total cost Number of campers
