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 2,900 1234567 $27,020 $37,977 4,422 $41,826 4,795 $33,119 3,790 $36,427 4,049 $34,191 3,721 $33,512 3,761 8 $40,116 4,565 9 $40,360 4,709 10 $49,114 6,093 11 $44,116 5,076 12 $40,844 4,784 13 $36,045 4,120 14 $34,715 3,985 15 $38,690 4,278 16 $27,732 3,580 17 $32,088 5,794 18 $31,353 4,752 19 $28,873 4,115 20 $31,397 5,071 21 $26,887 3,411 22 $25,801 3,061 23 $30,235 5,573 24 $31,554 6,512 25 $29,426 4,422 26 $33,163 5,585 27 $29,983 5,099 28 $31,318 5,203 Prev 9 of 18 Next 28 29 2222222 23 $30,235 5,573 24 $31,554 6,512 25 $29,426 4,422 26 $33,163 5,585 27 $29,983 5,099 $31,318 5,203 $29,760 4,284 30 $29,170 3,540 Required: a. Estimate the labor costs assuming 3,700 visitors for the month using the high-low method. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.) Labor costs 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. 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. 1. Olen via point to the night on 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. $50,000 $45,000 $40,000- $35,000- $30,000- $25,000 $20,000 $15,000- $10,000- $5,000 High-Low Method, Scattergraph Statistical Data: Palisades Eco-Park Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 500 1,000 2,000 3,000' 5,500 000500 500 500 4.500 6,500 4,000 5,000' 6,000 7,000 Month 7