Required information E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4,5-5) 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 various sports, help care for the camp's resident animals, have cookouts and hayrides, 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. Week 2 2 3 4 5 6 7 Number of Cost to Run Campers Camp 116 $9,330 138 11,300 154 12,200 98 8,000 102 8,530 134 10,390 122 9,830 108 8,950 E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression [LO 5-4) 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 122 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 least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 Required 2 > Required information E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4,5-5) 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 various sports, help care for the camp's resident animals, have cookouts and hayrides, 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: Week 1 2 3 4 5 6 7 8 Number of Cost to Run Campers Camp 116 $9,330 138 11,300 154 12,200 8,000 102 8.530 134 10,390 122 9,830 108 8,950 98 E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression (LO 5-4) 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 122 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 Cont Number of Campers Required Information E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4, 5-5) 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 various sports, help care for the camp's resident animals, have cookouts and hayrides, 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 Campers $9,330 11,300 Camp Week 1 2 3 4 5 116 138 154 98 102 134 122 108 12,200 8,000 8,530 10,390 9,830 8,950 E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression (LO 5-4) Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (r= a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 122 children attend a session Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the least squares regression results, calculate the camp's expected operating cost if 122 children attend a session (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost Required 2 Reid