The following table presents the mean cost of a hospital stay, in ($ 1000) s, and the
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The following table presents the mean cost of a hospital stay, in \(\$ 1000\) s, and the number of hospital stays, in millions, in the United States for each of 15 years.
a. Compute the least-squares line for predicting the number of stays \((y)\) from the cost \((x)\).
b. Compute the coefficient of determination \(r^{2}\).
c. Construct a residual plot. Does the relationship appear to be linear?
d. True or false: If the coefficient of determination is large, the relationship must be linear.
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