Refer to P3.9. The following linear regression results were obtained using these data: Required A. Determine the
Question:
Required
A. Determine the revenue formula using the linear regression output.
B. What is the estimated revenue if 600 patient days are used?
C. What is the estimated revenue if 700 patient days are used?
D. Evaluate the strength of the linear regression analysis.
Transcribed Image Text:
Regression Statistics Multiple R R square 0.81513775 0.66444956 Intercept Patient days Coefficients 11515.4303 Standard Error 2752.206095 T Stat 4.184073 2814376 11.5396404 4.100248498
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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