Answered: 1 2 3 4 5 6 7 8 9 YEAR 10 NUMBER OF…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Dr. Lillian Fok, a New Orleans psychologist, spe-
cializes in treating patients who are agoraphobic (i.e., afraid

to leave their homes). The following table indicates how many
patients Dr. Fok has seen each year for the past 10 years. It also
indicates what the robbery rate was in New Orleans during the
same year:

Using trend (linear regression) analysis, predict the number of
patients Dr. Fok will see in years 11 and 12 as a function of time.
How well does the model fit the data?

1 2 3 4 5 6 7 8
9
YEAR
10
NUMBER
OF PATIENTS
36 33 40 41 40 55 60
54 58
61
ROBBERY RATE
PER 1,000 58.3 61.1 73.4 75.7 81.1 89.0 101.1 94.8 103.3 116.2
POPULATION

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