Question: 11. The following data was input into a spreadsheet program to determine the Intercept, Slope and R 2 (RSQ) for Patient Days and Maintenance Costs

11. The following data was input into a spreadsheet program to determine the Intercept, Slope and R²(RSQ) for Patient Days and Maintenance Costs for a local hospital:

Month

Patent Days (X)

Maintenance Costs (Y)

January

3,300

$4,450

February

4,050

$4,750

March

3,000

$4,200

April

3,750

$4,600

May

4,150

$5,050

June

4,500

$5,400

July

2,600

$4,400

Intercept

$2,734

Slope

$0.541

RSQ

0.793

Theestimatedtotal maintenance cost for August based on an estimated 4,000 patient days is

Select one:

A.$4,509

B.$3,092

C.$4,898

D.$2,734

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

11. The following data was input into a spreadsheet program to determine the Intercept, Slope and R 2 (RSQ) for Patient Days and Maintenance Costs for a local hospital: Month Patent Days (X)...

i have only 45 minutes for answer this question i need only the answers please. The primary advantage of the High-Low method over other cost estimation methods is that: It utilizes only two data...

The following information applies to problems 3-5 The following data was input into a spreadsheet program to determine the Intercept, Slope and R? (RSQ) for Patient Days and Maintenance Costs for a...

The following data was input into a spreadsheet program to determine the Intercept, Slope and R 2 (RSQ) for Patient Days and Maintenance Costs for a local hospital: Month Patent Days (X) Maintenance...

18. The following costs related to Summertime Company for a relevant range of up to 20,000 units annually: Variable Costs: Direct materials $5.00 Direct labor 1.50 Manufacturing Overhead 2.50 Selling...

You just started working at a think tank that produces cultural research for local, state, and national governments. Your first assignment is to write about cross-cultural research. Your research...

The following data was input into a spreadsheet program to determine the Intercept, Slope and R2 (RSQ) for Patient Days and Maintenance Costs for a local hospital: Month Patent Days (X) Maintenance...

Please help me with the following question: The following data was input into a spreadsheet program to determine the Intercept, Slope and R2 (RSQ) for Patient Days and Maintenance Costs for a local...

The following data was input into a spreadsheet program to determine the Intercept, Slope and R2 (RSQ) for Patient Days and Maintenance Costs for a local hospital: Month Patent Days (X) Maintenance...

1 Why is RAID 0 not an option for data protection and high availability

The debits and credits for three related transactions are presented in the following T accounts. Describe eachtransaction. CASH SALES 9,405 12,000 ACCOUNTS RECEIVABLE SALES DISCOUNTS 12,000 (3) 2,500...

What do you think are the most important financial literacy lessons for young adults to learn today?

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

From the various approaches to quality management, which model do you find most useful? Why?

Planning is looking ahead, and control is looking back. Comment.

Draw up a statement of policy and devise a brief procedure that might be useful in implementing it. Are you sure your policy is not a rule?