InterceptX Variable 1Coefficients2,134.6763.52Suppose that Rainbow is contemplating staying open one additional week during the summer.Required:1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays$165 to attend the camp for a week.2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assumingRainbow expects to have 148 campers that week.3. Should Rainbow add a ninth week to its schedule? Required informationCamp Rainbow offers overnight summer camp programs for children ages 10–14 every summer during June andJuly. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boysattend 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 andhayrides, 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 canaccommodate 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:Number ofCost to RunCampers172WeekCamp$13,8109,35011,36014,38014,00012,44010,1808,4401123148418451741521408104

Name: InterceptX Variable 1Coefficients2,134.6763.52Suppose that Rainbow is
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Description: InterceptX Variable 1Coefficients2,134.6763.52Suppose that Rainbow is contemplating staying open one additional week during the summer.Required:1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin pe

Camp rainbow wants to stay open for one additional week in the summer.

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Suppose that Rainbow is contemplating staying open one additional week during the summer. Required: 1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $165 to attend the camp for a week. 2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 148 campers that week. 3. Should Rainbow add a ninth week to its schedule?

Suppose that Rainbow is contemplating staying open one additional week during the summer. Required: 1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $165 to attend the camp for a week. 2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 148 campers that week. 3. Should Rainbow add a ninth week to its schedule?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Intercept
X Variable 1
Coefficients
2,134.67
63.52
Suppose that Rainbow is contemplating staying open one additional week during the summer.
Required:
1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays
$165 to attend the camp for a week.
2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming
Rainbow expects to have 148 campers that week.
3. Should Rainbow add a ninth week to its schedule?

Required information
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:
Number of
Cost to Run
Campers
172
Week
Camp
$13,810
9,350
11,360
14,380
14,000
12,440
10,180
8,440
112
3
148
4
184
5
174
152
140
8
104

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