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). Usingthe summary output below to answer, what is the meaning (analysis) of the Intercept Bo?SUMMARY OUTPUTMultiple RR SquareAdjusted R SquareStandard ErrorObservationsANOVARegression StatisticsRegressionResidualTotaldf0.987060.9742880.9721458.106794Coefficients1411213SS29883.07788.641230671.71Standard ErrorIntercept1.5180530.668591AdmissionsOA) is the value of Expenses with one unit increase in Admissions3.2489290.031354MS29883.0765.7201t Stat0.46724721.32375F454.7022P-value0.6486936.59E-11Significance F6.59E-11Lower 95%-5.560750.600276Upper 95%8.596860.736907 A) is the value of Expenses with one unit increase in AdmissionsOB) is the value of Expenses when Admissions is 0 or not an impactrepresents significance when compared to .05 level of significanceOD) is the variance in Expenses that is accounted for by AdmissionsOE) is the strength and direction of the relationship

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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 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 X variable B1? 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 14 Coefficients 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 0736907
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