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The following information applies to problems 3-5 The following data was input into a spreadsheet program to determine the Intercept, Slope and R? (RSQ) for
The following information applies to problems 3-5 The following data was input into a spreadsheet program to determine the Intercept, Slope and R? (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 Slope RSQ $5,468 $0.541 0.79 3. The estimated fixed maintenance cost for the hospital is: a. $5,468 b. $3,431 c. $0.759 d. $0.683 4. The estimated variable maintenance cost per patient day for the hospital is: a. $3,088 b. $3,431 c. $0.759 d. $0.541 5. The estimated total maintenance cost for August based on an estimated 7,000 patient days is: a. $9,255 b. $7,186 c. $7,985 d. $7,529
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