Question: 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

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

The estimated variable maintenance cost per patient day for the hospital is

Select one:

A. $5,468

B. $0.541

C. $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 Accounting Questions!