Question

Given the following outputs from the regression analysis, what is the correlation between hospital beds and risk? (Round all inputs and results to two significant digits (e.g. 1.2359 would be rounded to 1.24 as an input and the answer .009 would be rounded to.01) Linear Fit Risk 3.37354380.0070695 Beds Summary of Fit RSquare RSquare Ad Root Mean Square Error 1.293434 Mean of Response4.357611 Observations (or Sum Wgts) 0.059072 0.050595 113

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Answer #1

Given that, regression equation is,

Risk = 3.3735438 + 0.0070695 * Beds

R-square = 0.059072

We want to find, the correlation between hospital beds and risk. That is to find, correlation coefficient ( r )

r = VR2-V 0.059072 0.2430

r = 0.24

Therefore, the correlation between hospital beds and risk is 0.24

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