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The total expenses of a hospital (dependent variable) are related to many factors. One of these factors is the number of admissions to the hospital
The total expenses of a hospital (dependent variable) are related to many factors. One of these factors is the number of admissions to the hospital (independent variable). Using the summary output below to answer, what is the correlation coefficient?
Question Completion Status The total expenses of a hospital (dependent variables are related to many factors. One of these factors is the number of admissions to the hospital (independent variables Using the sur mary output below to answer what is the correlation coefficient? SUMMARY OUTPUT Regression Statistics Multiple R 098706 R Square 0.970288 Adjusted R Square 0.972145 Standard Error 8 106794 Observations 14 ANOVA F 454 7022 Significance 6.59E-11 Regression Residual Total MS 2988307 65.7201 1 12 13 SS 2988307 788 6412 30671.71 Intercept Admissions O AJ.9774258 Coefficient 1518053 0668591 Standard Error 3248929 0.031354 Star 0.467247 21 32375 P-value 0.648693 6.59E-11 Lower 95% -556075 0.600276 Upper 95% 859686 0.736907 OB) 1.51 O 0.90706 D)664591 DE) 659-11 SUMMARY OUTPUT Regression Statistics Multiple R 0.98706 R Square 0.974288 Adjusted R Square 0.972145 Standard Error 8.106794 Observations 14 ANOVA df F 454.7022 MS 29883.07 65.7201 Significance F 6.59E-11 1 12 13 Regression Residual Total SS 29883.07 788.6412 30671.71 Coefficients 1.518053 0.668591 Standard Error 3.248929 0.031354 Stat 0.467247 21.32375 P-value 0.648693 6.59E-11 Lower 95% -5.56075 0.600276 Intercept Admissions A).9774288 Upper 95% 8.59686 0.736907 B) 1.51 C) 98706 0.668591 O A).9774288 0.031354 O B) 1.51 O C).98706 OD).668591 O E) 6.59E-11 Step by Step Solution
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