Total Expenses Number of Beds Admissions (100s) (Millions) Hospital1 Hospital 2
ID: 3057741 • Letter: T
Question
Total Expenses Number of Beds Admissions (100s) (Millions) Hospital1 Hospital 2 Hospital 3 Hospital4 Hospital 5 Hospital 6 Hospital 7 Hospital 8 Hospital 9 Hospital 10 Hospital 11 Hospital 12 Hospital 13 Hospital 14 215 336 520 135 35 210 140 90 410 50 65 42 110 305 160 230 43 9 155 53 6 159 18 16 29 28 98 57 127 157 24 14 93 45 6 12 15 21 63 a. Find the best regression model to predict the total expenses of a hospital b. Discuss the accuracy of this model (r-square) c. Discuss the significance relationship between Xs and YExplanation / Answer
Total Expenses Number of Beds Admissions (100s) (Millions) Hospital1 Hospital 2 Hospital 3 Hospital4 Hospital 5 Hospital 6 Hospital 7 Hospital 8 Hospital 9 Hospital 10 Hospital 11 Hospital 12 Hospital 13 Hospital 14 215 336 520 135 35 210 140 90 410 50 65 42 110 305 160 230 43 9 155 53 6 159 18 16 29 28 98 57 127 157 24 14 93 45 6 12 15 21 63 a. Find the best regression model to predict the total expenses of a hospital b. Discuss the accuracy of this model (r-square) c. Discuss the significance relationship between Xs and Y