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I just need part C please and thank you! Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on
I just need part C please and thank you!
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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Labor Cost $26,520 $37,274 $41,052 $32,506 $35,753 $33,558 $32,891 $39,374 $39,614 $48,205 $43,300 $40,088 $35,378 $34,073 $37,974 $27,218 $31,495 $30,773 $28,338 $30,816 $26,389 $25,324 $29,675 $30,970 $28,882 $32,549 $29,428 $30,738 $29,209 $28,630 Visitors 2,400 3,659 3,968 3, 137 3,350 3,080 3,113 3,778 3,897 5,042 4,201 3,959 3,410 3,298 3,541 2,963 4,795 3,933 3,405 4,196 2,823 2,533 4,612 5,389 3,659 4,622 4,220 4,306 3,545 2,930 Req A and B Req C and D 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 3,200 visitors using the results of a simple regression based on the data for months 16 through 30 only. (Do not round intermediate calculations and round your final answer to 2 decimal places.) d. What percentage of the variance in the data does the R-squared value explain? Show less c. Labor cost d. The R-squared value suggests that the number of visitors only explains about 80% of the variance in the dataStep by Step Solution
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