Required information 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 varlous sports, help care for the comp's resident animals, have cookouts and hayrldes, 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 Number of Cost to Run Week Camper 1 2 3 138 94 162 Camp $10,010 8,280 11.360 9.870 9,030 11,890 12,110 12,720 116 124 132 152 168 5 6 152 7 8 12,110 12,720 168 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 152 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Perform a least squares regression analysis on Camp Rainbow's data. (Use Microsoft Excel or a statistical package to find the coefficients using feast-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 Required 2 > Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (y=a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 152 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Requited 2 Required 3 Required 2 Using the regression output, create a cost equation (y = a + bx ) for estimating Camp Rainbow's operating costs. (Round your answers to 2 decimal places.) Total Cost Number of Campers 3 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (v=a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 152 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Using the least squares regression results, calculate the camp's expected operating cost if 152 children attend a session (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost
