The Admitting Department's costs and the number of patients admitted during the immediately preceding eight months are given in the following table: Month May.... June July.... August September October ...... ************************ ************** ********** November December ******** ************ *********** Number of Patients Admitted 1,800 1,900 1,700 1,600 1,500 1,300 1,100 1,500 Admitting Department Costs $14,700 $15,200 $13,700 $14,000 $14,300 $13,100 $12,800 $14,600 C) Use Linear Regression to find the formula of the admitting department cost as a function of number of admitted patients.

The Admitting Department's costs and the number of patients admitted during the immediately preceding eight months are given in the following table: Month May.... June July.... August September October ...... ************** November December * Number of Patients Admitted 1,800 1,900 1,700 1,600 1,500 1,300 1,100 1,500 Admitting Department Costs $14,700 $15,200 $13,700 $14,000 $14,300 $13,100 $12,800 $14,600 C) Use Linear Regression to find the formula of the admitting department cost as a function of number of admitted patients.

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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