Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 30, 2024

An analyst with HealthyCare Insurance company is investigating the relationship between the length of stay during childbirth and the total hospital charges. Some StatCrunch output

An analyst with HealthyCare Insurance company is investigating the relationship between the length of stay during childbirth and the total hospital charges. Some StatCrunch output is provided. Use the information below to predict the total charges for a hospital stay of 5 days. Simple linear regression results: Dependent Variable: LENGTH OF STAY Independent Variable: TOTAL CHARGES LENGTH OF STAY = 2.0171644 + 0.00016185792 TOTAL CHARGES Sample size: 400 R (correlation coefficient) = 0.85819961 R-sq = 0.73650656 Estimate of error standard deviation: 4.6234118 DA. y =$17,651 O B. V - $2 O C. y = $10 O D. V = $550

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Mathematics questions

Question

★★★★★

On January 1, Park Corporation and Strand Corporation had condensed balance sheets as On January 2, Park borrowed $60,000 and used the proceeds to obtain 80 percent of the outstanding common shares...

Answered: 1 week ago

Question

★★★★★

Maria has bought a toy which contains a bag with the 26 letters of the alphabet in it. (i) Maria selects five letters at random. What is the probability that the letters she chose can be rearranged...

Answered: 1 week ago

Question

★★★★★

Situation During 2010, one of the customers of Klote Company declared bankruptcy. This customer had been a major purchaser of Klotes products and had owed $40,000 on account to Klote (a material...

Answered: 1 week ago

Question

★★★★★

Insert a while condition for this algorithm that prompts until a valid value is entered. boolean valid = false; int input; while { System.out.print ( " Please enter a number between 1 and 1 0 : " ) ;...

Answered: 1 week ago

Question

★★★★★

An automotive dealer borrowed $9500.00 from the Bank of Montreal on a demand note on May 14. Interest on the loan, calculated on the daily balance, is charged to the dealer's current account on the...

Answered: 1 week ago

Question

★★★★★

Inventory Land Book Value Fair Value $ 630,000 $ 600,000 750,000 990,000 1,700,000 2,000,000 Buildings Customer relationships Accounts payable 0 (80,000) Common stock (2,000,000) Additional paid-in...

Answered: 1 week ago

Question

★★★★★

The standard Treasury Bond futures contract has a face value of $100,000, at least 15 years to maturity and a coupon of 6%, payable semi-annually. The quoted price of the futures contract is based on...

Answered: 1 week ago

Question

★★★★★

15. What option allows the scheduler to go in and look at the information "behind" the scheduled appointments? For example, date "appointment made", wait times, service connection, etc).

Answered: 1 week ago

Question

★★★★★

These items are taken from the financial statements of Longhorn Co. at December 31, 2022. Buildings $105,800 Accounts receivable 12,600 Prepaid insurance 3,200 Cash 11.840 Equipment 82,400 Land...

Answered: 1 week ago

Question

★★★★★

For the co-planar force system shown below, determine by calculation, the resultant force in magnitude and direction. Give your answers to 2 decimal places. 230N 60N* 130 120N 70 RE 60N

Answered: 1 week ago

Previous Question Next Question