Question

Consider a questionable hospital for which XRay = 56,194, BedDays = 14,077.88, and LengthStay = 6.89....

Consider a questionable hospital for which XRay = 56,194, BedDays = 14,077.88, and LengthStay = 6.89. A 95 percent prediction interval for the labor hours corresponding to this combination of values of the independent variables is given on the following MegaStat output:

95% Confidence Interval 95% Prediction Interval
Predicted Lower Upper Lower Upper Leverage
15,981.1195 15,429.6600 16,532.5791 14,956.5802 17,005.6589 .4079

Find and report the prediction interval on the output. Then, use this interval to determine if the actual number of labor hours used by the questionable hospital (y = 12,610.25) is unusually low or high. (Report 95% P.I. values to 4 decimal place and y to 2 decimal places.)

95% P.I.: [ ,  ]
y =  is (Click to select)abovebelow the (Click to select)lower limitupper limit of the interval; this y-value is (Click to select)Unusually HighnormalUnusually Low.

Homework Answers

Answer #1

NOTE: -

If you have any doubts please comment it I will here to help you, do not give a directly thumbs down. if you satisfied my work please thumbs up.

*** Thank you ***

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for...
Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x1 = 3.66, the average price of competitors’ similar detergents will be x2 = 4.18, and Enterprise Industries' advertising expenditure for Fresh will be x3 = .00. A 95 percent prediction interval for this demand is given on the following JMP output: Predicted Demand Lower 95% Mean Demand Upper 95% Mean Demand StdErr Indiv Demand Lower 95% Indiv Demand Upper 95%...
Question 5. Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries'...
Question 5. Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x1 = 3.81, the average price of competitors’ similar detergents will be x2 = 4.29, and Enterprise Industries' advertising expenditure for Fresh will be x3 = 6.80. A 95 percent prediction interval for this demand is given on the following JMP output: Predicted Demand Lower 95% Mean Demand Upper 95% Mean Demand StdErr Indiv Demand Lower 95% Indiv Demand...
Use the Excel output in the below table to do (1) through (6) for each ofβ0,...
Use the Excel output in the below table to do (1) through (6) for each ofβ0, β1, β2, and β3. y = β0 + β1x1 + β2x2 + β3x3 + ε     df = n – (k + 1) = 16 – (3 + 1) = 12 Excel output for the hospital labor needs case (sample size: n = 16) Coefficients Standard Error t Stat p-value Lower 95% Upper 95% Intercept 1946.8020 504.1819 3.8613 0.0023 848.2840 3045.3201 XRay (x1) 0.0386...
Use the Excel output in the below table to do (1) through (6) for each ofβ0,...
Use the Excel output in the below table to do (1) through (6) for each ofβ0, β1, β2, and β3. y = β0 + β1x1 + β2x2 + β3x3 + ε     df = n – (k + 1) = 16 – (3 + 1) = 12 Excel output for the hospital labor needs case (sample size: n = 16) Coefficients Standard Error t Stat p-value Lower 95% Upper 95% Intercept 1946.8020 504.1819 3.8613 0.0023 848.2840 3045.3201 XRay (x1) 0.0386...
American Express Company has long believed that its cardholders tend to travel more extensively than others-both...
American Express Company has long believed that its cardholders tend to travel more extensively than others-both on business and for pleasure. As part of a comprehensive research effort undertaken by a New York marketing research firm on behalf of American Express, a study was conducted to determine the relationship between miles traveled (x) and charges made on the American Express card (y). Eight cardholders were randomly selected and their total charges recorded for a specified period. A questionnaire was then...
Question 1 Amanda, a local supermarket owner, has decided to use a more analytical approach to...
Question 1 Amanda, a local supermarket owner, has decided to use a more analytical approach to improve her store's customer service. Her goal is to maintain the ratio of people working in the store over the number of customers around 1.5. What this means is, for example, for every two customers at any point in time there would be three people working at the store. In order for her to achieve this ratio, she wants to re-evaluate her knowledge about...
American Express Company has long believed that its cardholders tend to travel more extensively than others-both...
American Express Company has long believed that its cardholders tend to travel more extensively than others-both on business and for pleasure. As part of a comprehensive research effort undertaken by a New York marketing research firm on behalf of American Express, a study was conducted to determine the relationship between miles traveled (x) and charges made on the American Express card (y). Eight cardholders were randomly selected and their total charges recorded for a specified period. A questionnaire was then...
Use the following linear regression equation to answer the questions. x1 = 1.1 + 3.0x2 –...
Use the following linear regression equation to answer the questions. x1 = 1.1 + 3.0x2 – 8.4x3 + 2.3x4 (a) Which variable is the response variable? x3 x1      x2 x4 Which variables are the explanatory variables? (Select all that apply.) x1 x2 x3 x4 (b) Which number is the constant term? List the coefficients with their corresponding explanatory variables. constant = x2 coefficient= x3 coefficient= x4 coefficient= (c) If x2 = 4, x3 = 10, and x4 = 6, what...
An experiment on memory was performed, in which 16 subjects were randomly assigned to one of...
An experiment on memory was performed, in which 16 subjects were randomly assigned to one of two groups, called "Sentences" or "Intentional". Each subject was given a list of 50 words. Subjects in the "Sentences" group were told to form multiple sentences, each using at least two words from the list, and to keep forming sentences until all the words were used at least once. Subjects in the "Intentional" group were told to spend five minutes memorizing as many of...
CASE STUDY ON LEADERSHIP/ Aidensfield hospital currently faces major problems with staff, management, general performance and...
CASE STUDY ON LEADERSHIP/ Aidensfield hospital currently faces major problems with staff, management, general performance and service quality. It is conceivable that these problems are related to the ‘leadership’ styles adapted by those in charge. The senior management have proposed some changes within the organisation to hopefully make improvements but making such decisions requires an in-depth understanding of what is going wrong and why. Leadership as a concept is often considered in isolation when in reality, it is coherent with...