Question: High-Low Method, Scatterplot, Regression Weber Valley Regional Hospital has collected data on all of its activities for the past 16 months. Data for cardiac nursing

High-Low Method, Scatterplot, Regression

Weber Valley Regional Hospital has collected data on all of its activities for the past 16 months. Data for cardiac nursing care follow:

High-Low Method, Scatterplot, Regression Weber Valley Regional Hospital has collected data on

all of its activities for the past 16 months. Data for cardiac

3. Upon looking into the events that happened at the end of Year 1, you find that the cardiology ward bought a cardiac-monitoring machine for the nursing station. Administrators also decided to add a new supervisory position for the evening shift. Monthly depreciation on the monitor and the salary of the new supervisor together total $10,000. Now, run two regression equations, one for the observations from Year 1 and the second using only the observations for the eight months in Year 2. What is your predicted cost of the cardiac nursing care activity for September Year 2 if 1,400 hours of nursing care are forecast? When required, round your answer to two decimal places.

Y=$

Please only answer question 3! I have gotten the first two correct and just need help with the third question!

\begin{tabular}{|c|c|c|} \hline & Cost & Hours of Nursing Care \\ \hline May Year 1 & $59,600 & 1,400 \\ \hline June Year 1 & 57,150 & 1,350 \\ \hline July Year 1 & 61,110 & 1,460 \\ \hline August Year 1 & 65,800 & 1,600 \\ \hline September Year 1 & 69,500 & 1,700 \\ \hline October Year 1 & 64,250 & 1,550 \\ \hline November Year 1 & 52,000 & 1,200 \\ \hline December Year 1 & 66,000 & 1,600 \\ \hline January Year 2 & 83,000 & 1,800 \\ \hline February Year 2 & 66,550 & 1,330 \\ \hline March Year 2 & 79,500 & 1,700 \\ \hline April Year 2 & 76,000 & 1,600 \\ \hline May Year 2 & 68,500 & 1,400 \\ \hline June Year 2 & 73,150 & 1,550 \\ \hline July Year 2 & 73,175 & 1,505 \\ \hline August Year 2 & 66,150 & 1,290 \\ \hline \end{tabular} In the computations below, use intercepts rounded to the nearest whole number and use X variable coefficients rounded to 2 decimal places. 1. Using the high-low method, calculate the variable rate per hour and the fixed cost for the nursing care activity. Enter negative answers with a minus sign. Y=$+$x answer to the nearest dollar. Y=$ decimal places. Y=$x

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