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Can you please assist? Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides both

Can you please assist?

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Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides both educational and entertaining lectures, exhibitions, and opportunities to observe nature. The company has collected the following data on labor costs and number of visitors to the park over the last 30 months. Month Labor Cost Visitors $26, 220 2,106 $36, 853 3, 202 $40,587 3,472 $32, 138 2,745 $35,348 2,932 $33,179 2,695 $32,519 2,724 $38, 928 3,306 $39,165 3,410 10 $47,660 4,412 11 $42, 810 3,676 12 $39, 635 3,464 13 $34,977 2,984 14 $33, 687 15 $37,544 3,098 16 $26, 911 2,593 17 $31, 138 4,196 18 $30, 425 3,441 19 $28, 018 2,980 $30,468 3,672 21 $26, 090 2,470 22 $25, 037 2, 216 23 $29,339 4,036 24 $30, 620 4, 716 25 $28, 555 3,202 26 $32, 181 4,844 27 $29, 095 3,693 28 $30, 390 3,768 29 $28, 879 3,102 30 $20, 306 2,564 Required: a. Estimate the labor costs assuming 2,900 visitors for the month using the results of a simple regression based on the 30 months of available data. b. What percentage of the variance In the data does the R-squared value explain? C. You learn that starting In month 16, the park started using a different, more automated system for Interacting with visitors. Estimate the labor cost assuming 2,900 visitors using the results of a simple regression based on the data for months 16 through 30 only. d. What percentage of the variance In the data does the R-squared value explain

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