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only need answers for 1 and 2, dont need to see the work 1 Recent research into the cost of various medical procedures has shown
only need answers for 1 and 2, dont need to see the work
1 Recent research into the cost of various medical procedures has shown the impact of certain complications encountered in surgery on the total cost of a patient's stay in the hospital. The researchers used regression analysis and found the following results: Total cost for patient Constant, plus ax Length of stay (measured in days), plus bx Presence of one or more complications (= 1 if true, 0 if false), plus cx Use of a laparoscope (1 if true, O if false) where a, b, c are coefficients of the regression model. The laparoscope is an instrument somewhat like a miniature telescope with a fiber-optic system that brings light into the abdomen. It is about as big around as a fountain pen and twice as long. The research, based on 59 patients, showed the following regression results: R-squared: 54% Constant term: $3,355 Coefficients and t-values for independent variables: Length of Stay $ 758 10.42 Complications 1,683 Laparoscope $ 932 Coefficient t-value 5.50 3.26 Required: 1. What is the estimated cost for a patient whose surgery has complications and who stays in the hospital 4 days, and whose surgery requires a laparoscope? Estimated cost 2. Which, if any, dummy variables are used in this regression? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Complications were present Use of a laparoscope Length of stay (measured In days)Step by Step Solution
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