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Recent research into the cost of various medical procedures has shown the impact of certain complications encountered in surgery on the total cost of
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, 0 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 57 patients, showed the following regression results: R-squared: 53% Constant term: $3,719 Coefficients and t-values for independent variables: Coefficient t-value Length of Stay $ 861 10.76 Complications $1,986 4.89 Laparoscope $ 908 2.54 Required: 1. What is the estimated cost for a patient whose surgery has complications and who stays in the hospital 2 days, and whose surgery requires a laparoscope?
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