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.
Chapter7: Nonlinear Optimization Models
Section7.7: Portfolio Optimization Models
Problem 35P
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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.
Transcribed Image Text: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.
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