Assignment:
To complete the assignment, use the saved version of the Virginia Hospitals_2001-2005 database to create a new worksheet by copying and pasting the variables listed below.
Next, run a multiple regression model using 2005 data that has Total operating expense_05 as the dependent variable and the following variables as independent predictors:
•Staffed beds_05
•Medicare Days_05
•Medicaid Days_05
•Total Surgeries_05
•RN FTE_05
•Occupancy
•Ownership
•System Membership
•Rural/Urban
•Teaching Affiliation
•Age 65+
•Crime Rate
•Uninsured
Then, write a 2- to 3-page paper in which you:
•Specify the model in terms of a regression equation.
•For each predictor variable, state a hypothesis based on your understanding of the expected relationship of that variable to the dependent variable and provide your rationale for the stated hypothesis.
•Report summary descriptive statistics for each of the variables in your model (mean or percentage, and standard deviation).
•Report the coefficient and the sign (plus [+] or minus [-]) for each variable and the statistical significance of each variable (level of significance or nonsignificance), as well as the R-square for the model.
•Interpret the findings and explain what they would mean to a health care professional working in a hospital setting.