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Many factors affect the total expenses of a hospital. Two of these factors are the number of beds in the hospital and the number of

Many factors affect the total expenses of a hospital. Two of these factors are the number of beds in the hospital and the number of admissions. Data were collected on 15 hospitals in the city and province, as shown in the table below:

Hospital

Number of beds

Admissions (100s)

Total expenses (1M)

1

220

80

60

2

340

160

130

3

520

230

160

4

150

50

25

5

40

10

15

6

210

150

90

7

140

50

50

8

100

6

5

9

420

160

100

10

50

20

12

11

80

18

10

12

40

30

15

13

110

30

20

14

300

100

65

15

250

120

70

please help me interpret the following using the QM for windows.

  1. Write the regression equation between total expenses and number of beds.
  2. Based on No. 1, determine and interpret the coefficient of determination and the coefficient of correlation.
  3. Based on No. 1, is there a significant linear relationship (at 0.05 level of significance) between total expenses and number of beds? Why?
  4. Write the regression equation between total expenses and admissions.
  5. Based on No. 4, determine and interpret the coefficient of determination and the coefficient of correlation.
  6. Based on No. 4, is there a significant linear relationship (at 0.05 level of significance) between total expenses and admissions? Why?
  7. Write the regression equation relating total expenses to number of beds and admissions.
  8. Based on No. 7, determine and interpret the coefficient of determination.
  9. Based on No. 7, forecast total expenses at 200 number of beds and 10,000 admissions.

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