Need Assistance with D please Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides botheducational and entertaining lectures, exhibitions, and opportunities to observe nature. The company has collected the following dataon labor costs and number of visitors to the park over the last 30 months.MonthLabor Cost$26,620$37,415$41, 206$32,628$35,888$33,685$33,015$39,522$39,763$48,387$43,463$40, 239$35,511$34, 201$38,117$27,321$31,613$30,889$28,445$30,932$26,488$25,419$29,787$31,087$28,990$32,672$29,539$30,854$29,319$28,738Visitors2,5003,8124,1343,2673,4903,2083,2433,9364,0595,2524,3764,12412346781011123,5523,4363,6883,0874,9954,0973,5474,37113141516171819202,9412,6394,8045,6143,8124,8144,3964,4853,6933,05221222324252627282930Required:a. Estimate the labor costs assuming 3,300 visitors for the month using the results of a simple regression based on the 30 months ofavailable data.b. What percentage of the variance in the data does the R-squared value explain?c. You learn that starting in month 16, the park started using a different, more automated system for interacting with visitors. Estimatethe labor cost assuming 3,300 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 R-squared value explain?Complete this question by entering your answers in the tabs below.

Name: Need Assistance with D please Palisades Eco-Park is a small ecological
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: Need Assistance with D please Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides botheducational and entertaining lectures, exhibitions, and opportunities to observe nature. The