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The following data was input into a spreadsheet program to determine the Intercept, Slope and R 2 (RSQ) for Patient Days and Maintenance Costs for
The following data was input into a spreadsheet program to determine the Intercept, Slope and R2 (RSQ) for Patient Days and Maintenance Costs for a local hospital:
Month | Patent Days (X) | Maintenance Costs (Y) |
January | 6,600 | $8,900 |
February | 8,100 | $9,500 |
March | 6,000 | $8,400 |
April | 7,500 | $9,200 |
May | 8,300 | $10,100 |
June | 9,000 | $10,800 |
July | 5,200 | $8,800 |
Intercept | $5,468 | |
Slope | $0.541 | |
RSQ | 0.79 |
The coefficient of determination for the estimated cost model for maintenance is represented by:
Slope | |
Intercept | |
The dependent variable (Y) | |
R2 |
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