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ili 5. The total expenses of hospitals are related to a number of factors including number of admissions and number of beds. Below are
ili 5. The total expenses of hospitals are related to a number of factors including number of admissions and number of beds. Below are data on these two factors from a sample of 14 hospitals. Hospital Number of Beds Admissions (000s) Total Expenses (millions) 1 215 77 57 2 336 160 127 3 520 230 157 4 135 43 24 5 35 9 14 6 210 155 93 7 140 53 45 8 90 6 6 9 410 159 99 10 50 18 12 11 65 16 11 12 42 29 15 13 110 28 21 14 305 98 63 Find the regression model to predict the total expenses of the hospital. 6. A company's yearly expenditures on quality control and advertising and its annual sales volume over the past ten years are listed below. What is the regression analysis and what does it say about the relationship among the independent variables (advertising and QC) and the dependent variable (sales)? Amounts are quoted in millions of dollars. Advertising (X1) Quality Control (X2) Sales Volume Year 1 10 3 44 2 9 4 40 3 11 3 42 4 12 3 46 5 11 4 48 6 12 5 52 7 13 6 54 8 13 7 58 9 14" 7 56 10 15 8 60 DISCOUNTED CASH FLOW ANALYSIS Focus
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