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Seved 07 Part 2 of 3 166 points 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 Nuber of Cost to Run Week Campers Camp 1 $8.80 9.550 3 11,330 13,820 5 178 186 13,900 112 9,270 96 8,230 Spoed 162 124 BO 150 580 14,154 Deferences 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 deta 2. Using the regression output, create a cost equation ly = a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least squares regression results, calculate the camp's expected operating cost if 112 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.) Coeficients Intercept X Variable 1 Required 2 > Required 1 Required 2 Required 3 Using the regression output, create a cost equation (y + bx ) for estimating Camp Rainbow's operating costs. (Round your answers to 2 decimal places) Tabaco Number of Campers

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