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10 9.09 10 points eBook Print References We would like to estimate a model to predict the number of people a hospital will admit. Estimate
10 9.09 10 points eBook Print References We would like to estimate a model to predict the number of people a hospital will admit. Estimate the equation: Admissions o + BOutpat + BTotExp + B3PayrollExp + Paersonnel + BsBeds +B6Service where Admissions = number of patients admitted Outpat. number of patients treated that were not admitted to the hospital but treated at the hospital Tot Exp = total expenditures for the hospital ($ millions) Payroll Exp total payroll expenditures for the hospital Personnel number of employees Beds number of beds Service the type of hospital = 1 if general medical hospital and O if psychiatric hospital Click here for the Excel data file a. Estimate the equation and enter the coefficients below: Variable Intercept Outpatient Visits Total Expenditure Payroll Expenditure Personnel Number of Beds Service Coefficient c. Select the variables that are individually significant at the 5% significance level. outpatient visits total expenditure payroll expenditure personnel beds service d. Select the variables that provide evidence for multicollinearity. outpatient visits total expenditure payroll expenditure personnel beds e. Based on your answers to c and d, decide which variables should be removed from the model and re-estimate the equation without them. Enter the coefficients below. If you removed the variable, enter O for the coefficient. Variable Intercept Outpatient Visits Total Expenditure Payroll Expenditure Personnel Number of Beds Service Coefficient f. Select the violations that are occurring in the model calculated in parte. Nonlinear patterns Changing variability Correlated Observations Calibri (Body) 11 A A Paste BIU AA K12 Office Update To keep up-to-date with security updates, fixes, and improvements, choose C fx A C D E F G H 1 Hospital Admissions Outpat. Vis Tot. Exp. Payroll Exp Personnel Beds Service 2 1 7713 86982 56831 22061 792 210 1 3 2 16065 149222 127223 55799 1762 347 1 4 3 23028 222565 157093 61326 2310 511 1 5 4 4338 36710 24462 10503 328 142 1 6 5 905 13350 13730 6368 181 40 1 7 6 15563 88721 93257 33920 1077 220 1 8 7 5347 188885 45458 26919 742 137 1 9 8 636 10209 6151 2768 131 80 1 10 9 15954 77343 98992 40956 1594 440 I 11 10 1827 33977 11569 5664 233 48 1 12 11 1617 17925 11356 5084 241 56 1 13 12 2954 27170 15200 7085 203 46 1 14 13 2805 30263 20848 9709 325 109 1 15 14 9871 43128 62778 28958 676 306 1 16 15 756 96000 20300 12300 347 7 1 17 16 342 7217 3836 2015 79 16 1 18 17 8426 66073 41417 20633 505 167 1 19 18 18258 170223 144966 61667 1543 444 1 20 19 8280 31022 67997 31285 755 236 1 21 201 5449 44425 123175 41899 959 247 1 22 21 5247 29551 28318 12589 325 93. 1 23 22 11301 90178 88080 32191 954 236 1 24 23 9466 172146 107313 38668 1091 220 1 25 24 10444 95649 116486 49017 671 228 1 26 25 2648 15507 20625 3009 300 83 1 27 26 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