Required Information [The following information applies to the questions displayed below.] Camp Rainbow offers overnight summer camp programs for children ages 1014 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. The results of the least-squares regression of the number of campers and the cost to run camp are given below. Following is the cost Information for Camp Rainbow's operations last summer: Week 1 2 HNMON Number of Campers 90 118 156 174 188 184 170 156 Cost to Run Camp $8,650 8,460 10,980 11,180 13,670 14,380 12,325 11,270 5 7 8 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 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. Total cost = Number of campers 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 170 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Total cost Required 4 Required 5 Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. (Do not round your intermediate calculations and Round your final answers to 2 decimal places.) Fixed Cost Variable Cost per Child Required: 4. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. 5. Using the high-low method results, calculate the camp's expected operating cost if 170 children attend a session. Complete this question by entering your answers in the tabs below. Required 4 Required 5 Using the high-low method results, calculate the camp's expected operating cost if 170 children attend a session. (Do not round your intermediate calculations and Round your final answer to 2 decimal places.) Expected Cost
