E5-11 Estimating Cost Behavior Using Least-Squares Regression [LO 5-4]

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E5-11 Estimating Cost Behavior Using Least-Squares Regression [LO 5-4] Camp Rainbow offers overnight summer camp prograrris for children ages 10-14 every summer during June and July. Each camp session is oneweknd can accommodateup 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. Pgrtjcipete in various sports. heo care rx the camp's resident mimals, cookouts and hayrides. and help assemble toys for local underprivileged cNldren. The mp provides all food as well as materials tor all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children CounseloriS assigned to each cabin. Three camb managersare on-site regardless of the number Of campers enrolled, Following is the cost informaon forCamp Rainbow's operations last summer: 'Gamger- 150 Camp $8,880 11330 13820 14.150 - 13,900 9,270 8,230 1. Perform a leSi+Squaia Tegression analysis on Camp Rainbows data. (use: Mf decimal Intercept X Variable regressign.kound your answers to Z