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?

6.In simple linear regression, the sample correlation coefficient between the input variable and the output variable, and the estimated slope parameter : a.Must have the same sign (negative, zero, or positive) b.May have opposite signs c.Must have opposite signs d.Neither of the above

Consider a panel data set and the following regression model. Yit Bo + B₁Xit + ++ Uit What do subscripts / and t refer to? O A. Subscripts i and tidentify different time periods. O B. Subscripts / and t identify the entity and time period respectively. OC. Subscripts i and t identify different individuals. O D. Subscripts i and t identify the time period and entity respectively.

A vocational counselor uses the number of days without employment to predict her clients' feelings of self efficacy, measured on a scale of 1 to 5, with higher numbers meaning that clients feel more secure in their job related abilities. The slope of the regression line is –1.02. Which statement is the best interpretation for this finding? a. For every 1-point increase in self-efficacy, there is an associated decrease in the number of days of unemployment. b. For every additional day of unemployment, there is an associated decrease in self-efficacy of 1.02 points. c. The least number of days a person can be unemployed and still feel self-efficacious is 3.98 points d. The decrease in self-efficacy of 1.02 points is caused by each additional day of unemployment