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

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...
icon
Related questions
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
Transcribed Image Text: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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.