A Healthcare Executive Is Using Regression to Predict Total Revenues

question 97

Multiple Choice

A healthcare executive is using regression to predict total revenues.She has decided to include both patient length of stay and insurance type in her model.Insurance type can be grouped into the following categories: Medicare, Medicaid, Managed Care, Self-Pay, and Charity.Which of the following is true?

• A)Insurance type will be represented in the regression model by five binary variables.
• B)Insurance type will be represented in the regression model by six dummy variables.
• C)Insurance type will be represented in the regression model by five dummy variables.
• D)Insurance type will be represented in the regression model by four binary variables.

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Definitions:

Specificity Theory

A principle in sensory physiology proposing that different sensory qualities are signaled by different nerve fibers.

NutraSweet

A brand name for aspartame, an artificial sweetener used in various food and beverage products.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Chemical Structure

The arrangement of atoms in a chemical substance and the chemical bonds that hold those atoms together, determining the substance's properties.