Homework Help is Here – Start Your Trial Now!
Math
Statistics
exper ospital (dependen Hable) 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 meaning (analysis) of the Intercept Bo? SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics Intercept df 0.98706 0.974288 0.972145 8.106794 14 Coefficients 1 12 13 1.518053 SS 29883.07 788.6412 30671.71 Standard Error 3.248929 MS 29883.07 65.7201 t Stat 0.467247 0100030 F 454.7022 P-value 0.648693 гог 11 Significance F 6.59E-11 Lower 95% -5,56075 o co0376 Upper 95% 8.59686 0736007

exper ospital (dependen Hable) 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 meaning (analysis) of the Intercept Bo? SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics Intercept df 0.98706 0.974288 0.972145 8.106794 14 Coefficients 1 12 13 1.518053 SS 29883.07 788.6412 30671.71 Standard Error 3.248929 MS 29883.07 65.7201 t Stat 0.467247 0100030 F 454.7022 P-value 0.648693 гог 11 Significance F 6.59E-11 Lower 95% -5,56075 o co0376 Upper 95% 8.59686 0736007

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
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 meaning (analysis) of the Intercept Bo? SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics Intercept Admissions df 0.98706 0.974288 0.972145 8.106794 Coefficients 14 1 12 13 1.518053 0.668591 SS 29883.07 788.6412 30671.71 Standard Error 3.248929 0.031354 MS 29883.07 65.7201 t Stat 0.467247 21.32375 F 454.7022 P-value 0.648693 6.59E-11 Significance F 6.59E-11 Lower 95% -5,56075 0.600276 Upper 95% 8.59686 0.736907
Transcribed Image Text: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 meaning (analysis) of the Intercept Bo? SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics Intercept Admissions df 0.98706 0.974288 0.972145 8.106794 Coefficients 14 1 12 13 1.518053 0.668591 SS 29883.07 788.6412 30671.71 Standard Error 3.248929 0.031354 MS 29883.07 65.7201 t Stat 0.467247 21.32375 F 454.7022 P-value 0.648693 6.59E-11 Significance F 6.59E-11 Lower 95% -5,56075 0.600276 Upper 95% 8.59686 0.736907
Coefficients 1.518053 0.668591 Standard Error 3.248929 0.031354 Intercept Admissions A) is the value of Expenses with one unit increase in Admissions O B) is the value of Expenses when Admissions is 0 or not an impact C) represents significance when compared to .05 level of significance OD), is the variance in Expenses that is accounted for by Admissions OE) is the strength and direction of the relationship t Stat 0.467247 21.32375 P-value 0.648693 6.59E-11 Lower 95% -5.56075 0.600276 Upper 95% 8.59686 0.736907
Transcribed Image Text:Coefficients 1.518053 0.668591 Standard Error 3.248929 0.031354 Intercept Admissions A) is the value of Expenses with one unit increase in Admissions O B) is the value of Expenses when Admissions is 0 or not an impact C) represents significance when compared to .05 level of significance OD), is the variance in Expenses that is accounted for by Admissions OE) is the strength and direction of the relationship t Stat 0.467247 21.32375 P-value 0.648693 6.59E-11 Lower 95% -5.56075 0.600276 Upper 95% 8.59686 0.736907
Expert Solution
Step 1: Solution:

The dependent variable is total expenses

The independent variable is number of admissions 

The value of the intercept is 1.518053 


steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS