Cost-to-charge ratio (the percentage of the amount billed that represents the actual cost) for inpatient and outpatient
Question:
The least-squares regression line with y inpatient costto- charge ratio and x outpatient cost-to-charge ratio is y^ = 21.1 + 1.29x.
a. Is the observation for Hospital 11 an influential observation? Justify your answer.
b. Is the observation for Hospital 11 an outlier? Explain.
c. Is the observation for Hospital = an influential observation? Justify your answer.
d. Is the observation for Hospital = an outlier? Explain.
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Related Book For
Statistics The Exploration & Analysis Of Data
ISBN: 9780840058010
7th Edition
Authors: Roxy Peck, Jay L. Devore
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