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The following data was input into a spreadsheet program to determine the Intercept, Slope and R2(RSQ) for Patient Days and Maintenance Costs for a local hospital:MonthPatent Days (X)Maintenance Costs (Y)January6,600$8,900February8,100$9,500March6,000$8,400April7,500$9,200May8,300$10,100June9,000$10,800July5,200$8,800Intercept$5,468Slope$0
The following data was input into a spreadsheet program to determine the Intercept, Slope and R2(RSQ) for Patient Days and Maintenance Costs for a local hospital:MonthPatent Days (X)Maintenance Costs (Y)January6,600$8,900February8,100$9,500March6,000$8,400April7,500$9,200May8,300$10,100June9,000$10,800July5,200$8,800Intercept$5,468Slope$0.541RSQ0.79The coefficient of determination for the estimated cost model for maintenance is represented by:SlopeInterceptThe dependent variable (Y)R2
Expert Solution
The co-efficient of Determination is Represents with the " R^2".
IT Explain about how good the Estimated model is to Explain the Future Results and outcomes. and Explain about Variability of Factors used to Construct the Model
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