Question
Hello, I am having a hard time figuring out this question. Any assistance will be appreciated if it can be in an excel sheet. This
Hello,
I am having a hard time figuring out this question. Any assistance will be appreciated if it can be in an excel sheet. This way I can see how it is done to complete other assignments. Thank you.
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 Number of Campers Cost to Run Camp
1 90 8050
2 118 8460
3 156 10900
4 174 11100
5 188 13670
6 184 14300
7 170 12325
8 156 11270
Required:
1.Perform a least-squares regression analysis on Camp Rainbow's data.(Round your answers to2 decimal places.)
Coefficients
Intercept _____________________
X Variables 1 ______________________
2.Using the regression output, create an cost equation (y= a + bx) for estimating Camp Rainbow's operating costs.
Total Costs = _____________ + _______________ = Number of campers
3.Using the least-squares regression results, calculate the camp's expected operating cost if 130 children attend a session.(Round your intermediate calculations and final answer to2 decimal places.)
Total Costs = _____________________
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