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Below is a regression output for Patient Days and Maintenance Costs for a local hospital: SUMMARY OUTPUT Regression Statistics Multiple R 0.957 R Square 0.916
Below is a regression output for Patient Days and Maintenance Costs for a local hospital:
SUMMARY OUTPUT | |||||
Regression Statistics | |||||
Multiple R | 0.957 | ||||
R Square | 0.916 | ||||
Adjusted R Square | 0.911 | ||||
Standard Error | 115.38002 | ||||
Observations | 18 | ||||
ANOVA |
|
ANOVA | |||||
df | SS | MS | F | Significance F | |
Regression | 1 | 2,317,799 | 2,317,799 | 174.11 | 0.0000 |
Residual | 16 | 213,001 | 13,313 | ||
Total | 17 | 2,530,800 | |||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | |
Intercept | 2,727 | 159.6980 | 17.0754 | 0.0000 | 2,388 |
Patient Days (X) | 0.54 | 0.0412 | 13.1949 | 0.0000 | 0.4563 |
The estimated total maintenance cost for August based on an estimated 4,000 patient days is:
A. | $4,887 | |
B. | $3,092 | |
C. | $2,734 | |
D. | $4,509 |
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