** Palisades Eco Park is a small ecological reserve that admits a relatively small number of visitors on any day, but doces both educational and entertaining lectures, exhibitions, and opportunities to observenture The company has collected the data on labor conts and number of visitors to the park over the last 30 months 3 9 10 Labout it 2.000 536.2 5,050 540,433 3,387 532,015 2,614 335,21 2,792 531.053 2,566 532,35 2,594 338.7 3.149 $3,01 1,243 547.478 4,202 142,47 3.501 5.43 3.299 2,042 533.55 2,749 55701 2.950 26.800 2,465 531,020 3,99 550.00 3,237 $27,911 2.318 50,351 3.497 525.99 2,352 324,3 2,113 3,44 1 1 15 3 19 20 23 23 20 25 3. 53 $25. 3,050 532053 3.151 $25,984 3,517 3.274 3.588 $23,750 2,954 $23,193 2,442 20 29 Required: a. Estimate the labor costs assuming 2,800 visitors for the month using the high-lo calculations. Round your final answer to nearest whole dollar amount.) Do not round Intermediate b. Draw a scattergraph relating labor costs to the number of visitors Instructions: 1. Click on a point to the right of the graph, 2. Click within the graph to place the point. 1. Click on a point to the right of the graph 2. Click within the graph to place the point 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK High-Low Method, Scattergraph Statistical Data: Palisades Eco-Park STUDO wie S000 2 10000 15 000 Month 35000 Month Months 10.000 100 Month 1000 3.000 2.500 7.000 3.000 3.500 4000 4500 Morth? Visitors reset ** Palisades Eco Park is a small ecological reserve that admits a relatively small number of visitors on any day, but doces both educational and entertaining lectures, exhibitions, and opportunities to observenture The company has collected the data on labor conts and number of visitors to the park over the last 30 months 3 9 10 Labout it 2.000 536.2 5,050 540,433 3,387 532,015 2,614 335,21 2,792 531.053 2,566 532,35 2,594 338.7 3.149 $3,01 1,243 547.478 4,202 142,47 3.501 5.43 3.299 2,042 533.55 2,749 55701 2.950 26.800 2,465 531,020 3,99 550.00 3,237 $27,911 2.318 50,351 3.497 525.99 2,352 324,3 2,113 3,44 1 1 15 3 19 20 23 23 20 25 3. 53 $25. 3,050 532053 3.151 $25,984 3,517 3.274 3.588 $23,750 2,954 $23,193 2,442 20 29 Required: a. Estimate the labor costs assuming 2,800 visitors for the month using the high-lo calculations. Round your final answer to nearest whole dollar amount.) Do not round Intermediate b. Draw a scattergraph relating labor costs to the number of visitors Instructions: 1. Click on a point to the right of the graph, 2. Click within the graph to place the point. 1. Click on a point to the right of the graph 2. Click within the graph to place the point 3. To enter exact coordinates, click on the point and then click on the processing wheel symbol and then enter the exact coordinates in the dialog box that pops up. 4. Click OK High-Low Method, Scattergraph Statistical Data: Palisades Eco-Park STUDO wie S000 2 10000 15 000 Month 35000 Month Months 10.000 100 Month 1000 3.000 2.500 7.000 3.000 3.500 4000 4500 Morth? Visitors reset
