Question: Camp Rainbow offers overnight summer camp programs for chidren ages 10 to 14 every summer during June and July. Each camp session is one weck
Camp Rainbow offers overnight summer camp programs for chidren ages 10 to 14 every summer during June and July. Each camp session is one weck and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend dufing 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 hayridos, 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 tegardiess of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: E5-14 (Algo) Estimating Cost Behavior Using Least-Squares Regression [LO 5.4] Required: 1. Perform a leost-squares regression analysis on Comp Rainbows data 2. Using the regression output, create a cost equation (y=a+b.y for estimating Camp Rainbow's operating costs. 3. Using the leost-squares regression results, calculate the campl's expected operating cost if 96 children attend a session
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