Need assistance with A-C 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.

Palisades Eco-Park 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 2,500 3,812 1 $26,620 $37,415 $41,206 $32,628 $35,888 $33,685 $33,015 $39,522 2 4,134 3,267 3,490 3,208 3,243 3,936 4,059 5,252 4,376 4,124 3,552 3,436 3,688 3,087 4,995 3 4 6 7 8. $39,763 $48,387 $43,463 $40,239 $35,511 $34, 201 10 11 12 13 14 $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 $28,738 15 16 17 18 4,097 3,547 4,371 2,941 2,639 4,804 5,614 3,812 4,814 4,396 4,485 3,693 3,052 19 20 21 22 23 24 25 26 27 28 29 30 Required: a. Estimate the labor costs assuming 3,300 visitors for the month using the results of a 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? c. 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 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?

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...