The total expenses of hospitals are related to a.number of factors including number of admissions and...
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The total expenses of hospitals are related to a.number of factors including number of admissions and number of beds. Below are data on these two factors from a sample of 14 hospitals. Admissions (000s) Total Expenses (millions) 57 Hospital Number of Beds 215 77 2 336 160 127 3 520 230 157 4 135 43 24 35 9. 14 6 210 155 93 140 53 45 8 90 6. 6. 410 159 99 10 50 18 12 11 65 16 11 12 42 29 15 13 110 28 21 14 305 98 63 Find the regression model to predict the total expenses of the hospital. The total expenses of hospitals are related to a.number of factors including number of admissions and number of beds. Below are data on these two factors from a sample of 14 hospitals. Admissions (000s) Total Expenses (millions) 57 Hospital Number of Beds 215 77 2 336 160 127 3 520 230 157 4 135 43 24 35 9. 14 6 210 155 93 140 53 45 8 90 6. 6. 410 159 99 10 50 18 12 11 65 16 11 12 42 29 15 13 110 28 21 14 305 98 63 Find the regression model to predict the total expenses of the hospital.
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The regression model is yabx1cx2 where y total expenses x1number of beds x2admissions From Excel S... View the full answer
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Posted Date:
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