Question

In: Statistics and Probability

Organization: Freestanding ER Services Title: ER Operations Manager Outline: Multiple Regression: Effect of Age and General...

Organization: Freestanding ER Services

Title: ER Operations Manager

Outline:

  1. Multiple Regression: Effect of Age and General Health Status Score on Total ER Cost.
    1. Purpose
    2. Importance
    3. Variables
    4. Sample Size
    5. Hypothesis
    6. Methodology
    7. Findings
    8. Interpretations/Implications

Description of each Section

Purpose: Identify the purpose of the analysis in this section. What questions do you hope to answer?

Importance: State and explain the importance of this analysis to the department/organization. How will the findings be used?

Variables: List all variables, explain how they will be measured, and how they will be collected.

Sample Size: State your sample size and when data is collected.

Hypothesis: What are your null and alternate hypothesis?

Methodology: State the statistical method used in this section.

Findings: Copy and Paste all relevant output from Excel into this section. State your major findings from the included tables/charts.

Interpretaions/Implications: Discuss what the department/organization needs to do based on the findings.

ID Insurance Location Wait Time Age GHSS Cost
126 Uninsured Moore 60 11 12 $12,000
107 Uninsured Moore 25 13 99 $7,800
110 Uninsured Moore 45 16 13 $478
141 Uninsured West 34 31 1 $135
160 Insurance Moore 2 47 14 $1,200
128 Uninsured Moore 22 47 16 $4,600
166 Insurance Moore 12 49 77 $4,400
121 Insurance Moore 25 52 15 $4,500
120 Insurance West 15 56 67 $4,450
124 Insurance Moore 22 57 61 $1,200
132 Insurance Moore 54 59 16 $1,200
130 Insurance Moore 55 60 25 $1,200
108 Uninsured Moore 10 60 26 $1,365
161 Insurance Moore 56 62 27 $1,200
115 Government Moore 15 63 66 $13,000
163 Insurance Moore 61 66 34 $1,400
158 Uninsured Moore 56 71 45 $1,300
138 Uninsured Moore 15 74 79 $4,900
113 Government Moore 25 78 56 $13,000
139 Uninsured West 13 78 77 $4,850
180 Government Moore 33 79 86 $12,000
182 Government Moore 34 80 57 $900
176 Government Moore 55 85 79 $1,245
177 Government Moore 60 87 49 $678
178 Government Moore 45 89 73 $450
133 Uninsured West 45 89 93 $9,850
149 Uninsured Moore 14 90 88 $4,500
193 Government Moore 34 90 99 $8,700
114 Government Moore 44 91 90 $5,000
102 Government Pelican 20 5 1 $680
165 Uninsured Pelican 11 5 2 $899
109 Uninsured Pelican 89 6 77 $12,000
152 Insurance Pelican 15 6 77 $14,000
140 Insurance Pelican 20 7 11 $9,000
192 Government West 20 7 13 $450
174 Government Pelican 20 7 15 $6,785
155 Insurance Pelican 20 7 24 $850
112 Government West 22 8 26 $450
169 Insurance Pelican 20 8 36 $960
137 Insurance Pelican 25 9 1 $6,000
194 Government West 22 9 11 $450
156 Insurance West 25 10 13 $11,000
197 Government Pelican 23 12 18 $195
143 Insurance Pelican 26 14 66 $650
164 Uninsured West 22 14 89 $4,500
170 Government West 24 15 99 $4,630
135 Insurance Pelican 31 16 14 $9,000
119 Insurance Pelican 34 17 16 $1,200
196 Government Pelican 24 18 19 $1,645
150 Uninsured Pelican 23 18 25 $879
134 Insurance Pelican 36 19 22 $950
185 Government Pelican 26 19 26 $1,200
145 Government West 28 19 88 $13,000
179 Government West 28 22 1 $456
157 Insurance West 36 22 44 $980
181 Government Pelican 29 24 13 $7,100
144 Insurance Pelican 44 24 36 $1,300
100 Uninsured Pelican 45 27 26 $1,500
159 Insurance Pelican 44 27 48 $15,000
131 Insurance Pelican 45 30 79 $1,500
125 Uninsured Pelican 56 30 99 $12,000
186 Government West 36 34 13 $156
136 Insurance Pelican 45 34 99 $4,500
116 Government West 36 36 16 $4,900
148 Insurance West 48 36 89 $14,800
106 Insurance West 55 38 36 $1,356
129 Insurance Pelican 55 43 46 $4,500
190 Government Pelican 36 44 16 $1,200
123 Insurance Pelican 56 44 36 $1,630
142 Uninsured Pelican 61 45 49 $4,680
117 Government Pelican 39 46 36 $4,950
104 Government Pelican 43 47 12 $4,977
154 Government Pelican 44 48 24 $1,200
103 Government West 46 50 56 $5,500
184 Government Pelican 24 51 57 $5,500
189 Government Pelican 46 55 23 $1,300
122 Government West 49 56 66 $1,230
153 Government West 15 56 99 $5,600
191 Government West 15 57 68 $1,340
183 Uninsured Pelican 9 58 63 $1,345
101 Government Pelican 18 59 89 $8,800
151 Insurance Pelican 14 64 89 $5,600
173 Government Pelican 13 66 23 $2,300
172 Government Pelican 55 67 69 $678
146 Government Pelican 14 67 88 $6,600
175 Government Pelican 24 74 37 $1,300
105 Government Pelican 15 74 88 $8,890
188 Government Pelican 4 76 36 $134
187 Government Pelican 3 78 69 $7,400
162 Insurance Pelican 14 88 90 $2,000
147 Government Pelican 13 88 99 $9,450
168 Government Pelican 13 91 73 $8,700
118 Insurance Pelican 13 91 94 $10,000
167 Insurance Pelican 13 93 93 $8,999
127 Insurance Pelican 14 94 74 $550
171 Government Pelican 14 98 74 $15,000
111 Insurance Pelican 12 99 73 $900
197 Uninsured West 55 80 59 $780
197 Government West 21 19 26 $1,450
197 Uninsured West 14 29 88 $8,900
197 Government West 19 36 44 $1,200
197 Uninsured West 15 36 55 $1,300
197 Government West 17 43 99 $900
197 Uninsured West 16 44 46 $4,400
197 Government West 35 45 78 $7,780
197 Uninsured Pelican 19 45 86 $4,465
197 Uninsured West 60 47 23 $1,200
197 Government Pelican 47 48 22 $1,430
197 Government Pelican 14 55 88 $12,800
197 Insured Pelican 10 65 10 $1,200
197 Government West 46 67 67 $650
197 Insured Pelican 21 69 79 $4,458
197 Insured West 22 70 15 $1,200
197 Insured Pelican 27 73 66 $4,600
197 Insured Pelican 28 74 78 $7,748
197 Insured Pelican 36 76 19 $1,200
197 Insured Pelican 25 77 48 $1,400
197 Government Pelican 13 77 79 $12,000
197 Insured Pelican 44 78 79 $9,900
197 Government Pelican 25 78 99 $1,800
197 Insured Pelican 76 81 89 $4,500
197 Insured Pelican 38 82 79 $5,000
197 Government Pelican 19 89 44 $3,000
197 Government Moore 55 89 96 $5,750
197 Insured Moore 37 89 99 $12,000
197 Government Moore 56 90 79 $10,000
197 Insured Moore 44 94 86 $55
51.18898 53.24409 4486.15

Solutions

Expert Solution

Using Excel

data -> data analysis-> regression

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.4689
R Square 0.2199
Adjusted R Square 0.2073
Standard Error 3732.5434
Observations 127
ANOVA
df SS MS F Significance F
Regression 2 486961883.1374 243480941.5687 17.4765 0.0000
Residual 124 1727553135.0201 13931880.1211
Total 126 2214515018.1575
Coefficients Standard Error t Stat P-value Lower 95%
Intercept 2070.5160 752.3254 2.7522 0.0068 581.4533
Age -26.9953 13.6582 -1.9765 0.0503 -54.0286
GHSS 71.3223 12.2760 5.8099 0.0000 47.0247

y^ = 2070.5160 -26.9953 Age +71.3223 GHSS

the model is overall significant as p-value = 0.0000 < alpha

when Age increases by 1 year, on averege ER cost decrease by 27

when GHSS increases by 1 unit, on average ER cost increase by 71.3223


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