Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When all other variables are maintained constant, an increase in one unit occupancy rate increases average hospital duration of stay by 0.217. The occupancy rate
When all other variables are maintained constant, an increase in one unit occupancy rate increases average hospital duration of stay by 0.217. The occupancy rate has a substantial effect on the average hospital duration of stay at the 5% significance level, as indicated by the t-stat of 2.54*. When one unit occupancy rate is increased while the other variables remain constant, the average length of stay in a teaching hospital increases by 0.617. At a 5% significance level, the t-stat of 3.21* indicates that the teaching hospital or non-teaching hospital has a significant effect on the average hospital duration of stay.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started