Labrie Hospital wants to analyze its revenue per patient day. A patient day is one patient staying

Labrie Hospital wants to analyze its revenue per patient day. A €œpatient day€ is one patient staying for one day. The following information has been provided to you:

Required
A. Determine the revenue formula using the linear regression.
B. What is the estimated revenue if 600 patient days are used?
C. What is the estimated revenue if 700 patient days are used?

Transcribed Image Text:

Period Revenues Patient Days 768 703 $20,325 20,580 19,829 19,917 20,035 16,705 17,805 21358 18,895 18,466 790 702 641 802 10 565