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CoursHeroTranscribedText: Palisades EcoPark is a small ecological reserve that admits a relatively small number of visitors on any day, but provides both educational and entertaining lectures, exhibitions, and opportunities to observe nature. The company has collected the following data on labor costs and number of visitors to the park over the last 30 months. Month Labor Cost Visitors 1 $25, 929 1, 999 2 $35,431 2, 245 3 $49, 123 2, 925 4 $31, 229 2, 352 5 $34, 944 2, 513 6 $32, 299 2, 319 2 $32, 142 2, 335 9 $33,493 2, 934 9 $33, 212 2, 923 19 $42, 114 3 , 232 11 $42,329 3,151 12 $39, 191 2, 959 13 $34, 522 2, 552 14 $33, 392 2,424 15 $32,115 2,655 15 $25, 993 2, 222 12 $39, 292 3 , 595 19 $39,922 2, 959 19 $22, 992 2, 554 29 $39, 119 3 , 142 21 $25, 292 2, 112 22 $24, 251 1, 999 23 $29,994 3 ,459 24 $39, 229 4, 942 25 $23, 229 2, 245 25 $31, 913 3 ,455 22 $23, 292 3 , 155 29 $39,943 3 , 229 29 $23, 549 2, 559 39 $22, 992 2, 192 Required: a. Estimate the labor costs assuming 2,600 visitors for the month using the results ofa simple regression based on the 30 months of available data. b. What percentage of the variance in the data does the R-squared value explain? 1:. You learn that starting in month '16, the park started using a different, more automated system for interacting with visitors. Estimate the labor cost assuming 2,600 visitors using the results of a simple regression based on the data for months 16 through 30 only. d. What percentage of the variance in the data does the Rsguared value explain? Rqu and B ReqCand D a. Estimate the labor costs assuming 2,600 visitors for the month using the results of a simple regression based on the 30 months of available data. (Do not round intermediate calculations. Round your nal answer to 2 decimal places.) b. What percentage of the variance in the data does the R-squared value explain? 5 u The Rsquared value suggests that lhe number of visitors only explains Rquand B Req Cand D c. You learn that starting in month 16, the park started using a different, more automated system for interacting with visitors. Estimate the labor oust: assuming 2,600 visitors using the results of a simple regression based on the data for months 16 through 30 only. {Do not round intermediate calculations and round your nal answer to 2 decimal places} d. what percentage ofthe variance in the data does the Rsquared value explain? Show less.' _ d. The Rsquared value suggests that the number of visitors only explains

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