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A County Has Four Major Hospitals: 1)Regional Memorial;2)General;3)Charity;and 4)City

question 38

Essay

A county has four major hospitals: 1)Regional Memorial;2)General;3)Charity;and 4)City.A multiple regression model is used to compare the time spent in the hospital after a heart by-pass surgery among the four hospitals.The response variable is the amount of time spent in the hospital (in days),the quantitative independent variables include the age of the patient,cholesterol level of the patient,and blood pressure of the patient.Define the dummy variables so that all other hospitals are compared to the City hospital (base).


Definitions:

Annual Growth

The yearly percentage increase in the size or value of an economic variable, such as gross domestic product or a company's revenue.

Redemption Value

The amount due to an investor once a bond or other debt instrument reaches its maturity date.

CSB

Canadian Savings Bonds, a secure savings product issued and guaranteed by the Government of Canada.

Compound-Interest

A method of calculating interest where the amount is based on the initial principal and the interest that has been accumulated in past periods.

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