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You are the director for H204U, a nonprofit dedicated to providing clean drinking water to people in remote communities. As director you are responsible
You are the director for H204U, a nonprofit dedicated to providing clean drinking water to people in remote communities. As director you are responsible for organizing an annual fundraising event used to educate the public on this global health crisis. The event has been been very successful in the past and the board would like to increase the fundraising goal from $15,000 to $18,000 this year. The cost and attendance data from the event held each of the previous 9 years was entered in a spreadsheet program and regression analysis was performed. The following regression output was noted: r squared: 0.96 intercept coefficient: 4800 x variable coefficient: 2 Which of the following statements is incorrect if your best estimate is that 600 people will attend the event? A. Assuming the estimate is realistic, the minimum price that should be charged per person to cover costs and meet the fundraising goal is $40. B. If the estimate is correct, the total fixed costs will be $4,800. OC. The best estimate of total costs for event is $24,000. D. 96% of the variability in the cost of the event can be explained by the number of people in attendance. OE. If the actual attendance is less than estimated, the cost per person will increase.
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