Month Labor Cost Visitors 1 $26,420 2,300 2 $37,134 3,507 3 $40,897 3,803 4 $32,383 3,006 5 $35,618 3,211 6 $33,432 2,951 7 $32,767 2,983 8 $39,225 3,621 9 $39,464 3,735 10 $48,023 4,832 11 $43,137 4,026 12 $39,937 3,794 13 $35,244 3,268 14 $33,944 3,161 15 $37,831 3,393 16 $27,116 2,840 17 $31,376 4,595 18 $30,657 3,769 19 $28,232 3,263 20 $30,700 4,022 21 $26,289 2,705 22 $25,228 2,428 23 $29,563 4,420 24 $30,854 5,165 25 $28,773 3,507 26 $32,426 4,429 27 $29,317 4,044 28 $30,622 4,126 29 $29,099 3,398 30 $28,522 2,808 here to search 269ACH CTRL O ESC CAPS LOCK A W < Prev 2 of 6 Next > G , +SHIFT Z X C V N M ALT LIMEIDE FB 19 Required: a. Estimate the labor costs assuming 3,100 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 3,100 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? Complete this question by entering your answers in the tabs below. Req A and B Req C and D a. Estimate the labor costs assuming 3,100 visitors for the month using the results of a simple regression based on the 30 months of available data. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. What percentage of the variance in the data does the R-squared value explain? a. Labor cost b. The R-squared value suggests that the number of visitors only explains ere to search SOULCH i < Prev 2 of 6 Next > ? 85F Mostly sunny OPLE WORLD ROUX 2 ( 8 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 1 $26,420 2,300 2 $37,134 3,507 3 $40,897 3,803 4 $32,383 3,006 5 $35,618 3,211 $33,432 2,951 7 ed $32,767 2,983 8 $39,225 3,621 9 $39,464 3,735 10 $48,023 4,832 11 $43,137 4,026 12 $39,937 3,794 13 $35,244 3,268 14 $33,944 3,161 15 $37,831 3,393 16 $27,116 2,840 17 $31,376 4,595 18 $30,657 3,769 19 $28,232 3,263 20 $30,700 4,022 21 $26,289 2,705 22 $25,228 2,428 23 $29,563 4,420 24 $30,854 5,165 25 $28,773 3,507 26 $32,426 4,429 27 $29,317 4,044 28 $30,622 4,126 29 $29,099 3,398 c raw be here to search Submit * < Prev 2 of 6 Next > ? 87F Mostly sunny a40) 7:10 PM 8/29/2021 96 W ESC Required: a. Estimate the labor costs assuming 3,100 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 3,100 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? Complete this question by entering your answers in the tabs below. 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 3,100 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? c Labor cost d. The R-squared value suggests that the number of visitors only explains here to search Show less A < Prev 2 of 6 Next > 85F Mostly sunny 440 4/2