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 2 3 Number of Cost to Run Campers Camp 140 $10,160 154 12,650 104 8,330 182 14,090 102 8,440 190 13,820 148 11,640 90 8,450 E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression (LO 5-4) 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, calc ate the camp's expected operating cost if 148 children attend a session. Required 1 Required 2 Required 3 Perform a least-squares regression analysis on Camp Rainbow's data. (Use Microsoft Excel or a stati coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 CH Required 2 > Required 1 Required 2 Required 3 Using the regression output, create a fost equation (y = a + bx ) for estimating Camp Rainbow's operating costs. (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 148 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost