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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 1 on to o o o 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Labor cost $27.120 $38, 118 $41,980 $33,241 $36, 562 $34, 317 $33, 636 $40, 265 $40,510 $49, 296 $44,280 $40,995 $36,178 $34,894 $38,883 $27.834 $32, 207 S31, 469 $28, 980 $31,513 826, 986 $25.897 S30, 346 $31, 671 $29,585 $38, 285 S80, 094 &81, 438 $29, 870 $29,278 Visitors 3,000 4,574 4, 960 3,921 4, 188 3, 850 3,891 4,723 4,871 6, 303 5, 251 4,949 4,262 4, 123 4,426 3,704 5,994 4,916 4, 256 5,246 3,529 3,166 5,765 6,737 4,574 5,777 5,275 5, 382 4,432 3, 662 COSL 2 using a simple regression based on the data for momins 15 througe 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. ats Reg A and Reg Cand D a. Estimate the labor costs assuming 3,800 visitors for the month using the results of a simple regression based on the 30 months of data. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. What percentage of the variance in the data does the R-squared value explain? a Labor cost b. The R-squared value suggests that the number of visitors only explains Ret A and Req Cand D > 2 6. You can hearing in month 16. the park started using a different, more automated system for interacting with visitors. Estimate the labor cost assuming 3,800 Viitors 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 docs the Rsquared value explain? complete this question by entering your answers in the tabs below. 15 points RegA and B Reg C and D 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 ausumung 3,800 visitors uung the results of a umple regression based on the data for months 16 through 30 only. (Do not round intermediate calculations and round your final amwer to decimal places.) d. what percentage of the variance in the data doon tha R-squared value explain? Show less C. Labor cost d The R-squared value suggests that the number of visitors only explains Rag A and B

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