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The following data is given for Soweto Hospital with regards to the number of patients admitted in the first half of the year ended 30 June 2023 and the total costs incurred by the hospital to treat these patients in this period: Month Number of patients admitted Total costs incurred by the hospital (Rands) January 200 50 000 February 200 50 000 March 250 55 000 April 250 55 000 May 300 60 000 June 150 45 000 Required: Calculate the variable cost per unit and total fixed costs by using the Least Squares (Simple Regression Analysis) method.

The following data is given for Soweto Hospital with regards to the number of patients admitted in the first half of the year ended 30 June 2023 and the total costs incurred by the hospital to treat these patients in this period: Month Number of patients admitted Total costs incurred by the hospital (Rands) January 200 50 000 February 200 50 000 March 250 55 000 April 250 55 000 May 300 60 000 June 150 45 000 Required: Calculate the variable cost per unit and total fixed costs by using the Least Squares (Simple Regression Analysis) method.

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
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The following data is given for Soweto Hospital with regards to the number of patients admitted in the first half of the year ended 30 June 2023 and the total costs incurred by the hospital to treat these patients in this period:
Month
Number of patients admitted
Total costs incurred by the hospital (Rands)
January
200
50 000
February
200
50 000
March
250
55 000
April
250
55 000
May
300
60 000
June
150
45 000
Required:
Calculate the variable cost per unit and total fixed costs by using the Least Squares (Simple Regression Analysis) method.

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