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Draw scattergraph relating labor costs to number of visitors

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Reference no: EM133062583

Question - 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

1

$25,099

1,010

2

$35,277

1,540

3

$38,852

1,670

4

$30,764

1,320

5

$33,837

1,410

6

$31,760

1,296

7

$31,129

1,310

8

$37,264

1,590

9

$37,491

1,640

10

$45,622

2,122

11

$40,980

1,768

12

$37,940

1,666

13

$33,482

1,435

14

$32,247

1,388

15

$35,939

1,490

16

$25,760

1,247

17

$29,807

2,018

18

$29,124

1,655

19

$26,820

1,433

20

$29,165

1,766

21

$24,975

1,188

22

$23,967

1,066

23

$28,085

1,941

24

$29,311

2,268

25

$27,334

1,540

26

$30,805

1,945

27

$27,851

1,776

28

$29,091

1,812

29

$27,644

1,492

30

$27,096

1,233

Required -

a. Estimate the labor costs assuming 1,900 visitors for the month using the high-low method.

b. Draw a scattergraph relating labor costs to the number of visitors.

Reference no: EM133062583

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