Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Month Radiology Tests Total Cost January 2,800 $133,500 February 2,600 135,060 March 3,100 175,000 April 3,500 170,600 May 3,400 176,900 June 3,700 186,600 July 3,840
Month
Radiology Tests
Total Cost
January 2,800 $133,500
February 2,600 135,060
March 3,100 175,000
April 3,500 170,600
May 3,400 176,900
June 3,700 186,600
July 3,840 174,450
August 4,100 195,510
September 3,450 185,300
Required:
1. Compute the cost formula for radiology services using the method of least squares. If required, round your answers to two decimal places. Y = $ + $ X
2. Using the formula computed in Requirement 1, what is the predicted cost of radiology services for October for 3,500 appointments? (Round the answer to the nearest dollar.) $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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