Question

Refer to the Camp Rainbow data presented in E5-10.


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 Rain-bow’s operating costs.
3. Using the least-squares regression results, calculate the camp’s expected operating cost if 170 children attend a session.
4. Compare this estimated cost to the actual cost incurred during week 7. Explain why these numbers mightdiffer.


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  • CreatedFebruary 27, 2015
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