a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select] 12 [Select] b. What is the MAD? [Select] as a function of time. c. What is the correlation coefficient - r-value? [Select] % and
a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select] 12 [Select] b. What is the MAD? [Select] as a function of time. c. What is the correlation coefficient - r-value? [Select] % and
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
![Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The
following table indicates how many patients Dr. Fok has seen each year for the past 10 years. It also indicates what the robbery rate was
in New Orleans during the same year:
2
3
Year
Number of
Patients
Robbery Rate
per 1000
Population
12 [Select]
1
36
33
58.3 61.1
[Select]
b. What is the MAD? [ [Select]
40
73.4
4
e. What is the MAD? [ [Select]
41
5
40
c. What is the correlation coefficient - r-value? [Select]
as a function of time.
6
55
7
60
f. What is the correlation Coefficient - r-value? [Select]
a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select]
8
54
75.7 81.1 89.0 101.1 94.8 103.3 116.2
g. Based on the overall analysis, how well does each model fit the data?
%
d. Now based on regression analysis predict the number of patients that Dr. Fok will see in year 11 [Select]
9
58
do
10
based on the forecasted Robbery Rate - year 11 is 117.1 and year 12 is 120.8.
%
61
[Select]
>
and
and 12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d3ae8d7-5658-4ed4-9668-4ee58a946812%2F12c911ce-fbce-4560-8b4f-468010258c51%2Fc8384g_processed.png&w=3840&q=75)
Transcribed Image Text:Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The
following table indicates how many patients Dr. Fok has seen each year for the past 10 years. It also indicates what the robbery rate was
in New Orleans during the same year:
2
3
Year
Number of
Patients
Robbery Rate
per 1000
Population
12 [Select]
1
36
33
58.3 61.1
[Select]
b. What is the MAD? [ [Select]
40
73.4
4
e. What is the MAD? [ [Select]
41
5
40
c. What is the correlation coefficient - r-value? [Select]
as a function of time.
6
55
7
60
f. What is the correlation Coefficient - r-value? [Select]
a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select]
8
54
75.7 81.1 89.0 101.1 94.8 103.3 116.2
g. Based on the overall analysis, how well does each model fit the data?
%
d. Now based on regression analysis predict the number of patients that Dr. Fok will see in year 11 [Select]
9
58
do
10
based on the forecasted Robbery Rate - year 11 is 117.1 and year 12 is 120.8.
%
61
[Select]
>
and
and 12
Expert Solution
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Step 1 Introduction:
As per this Q, I would consider the Year as an independent variable and the number of patients as the dependent variable, there are multiple sub-parts in one question, and as per the instruction, the first three sub-parts are taken for answering purposes, I would apply the linear regression forecasting technique,
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Follow-up Questions
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Follow-up Question
d. Now based on regression analysis predict the number of patients that Dr. Fok will see in year 11 and 12 based on the
e. What is the MAD?
f. What is the correlation Coefficient – r-value? %
g. Based on the overall analysis, how well does each model fit the data?
Solution
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