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 Compers 192 174 122 118 152 120 130 132 Cost to Run Carp $14,340 13,510 9,719 9,160 12,590 9,920 9,110 10,680 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 (ya* b) for estimating Camp Rainbow's operating costs 3. Using the least squares regression results, calculate the camp's expected operating cost if 130 children attend a session 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 130 children attend a session Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Perform a least squares regression analysis on Camp Rainbow's data. (Uso Microsoft Excel or a statistical package to find the coefficients using least squares regression Round your answers to 2 decimal places) Coetlicents Intercept X Variable 1 Required 2 > 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 130 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) Totul Cost Number of Campers E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression [LO 5-4) Required: 1. Perform a least-squares regression analysis on Camp Rainbows 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 130 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 130 children attend a session (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost Required 2
