A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

STATS Statistics and Linear Regression Data Section Custodial Costs Y $102,000 83,000 84,000 98,000 74,000 60,000 81,000 79,000 59,000 90,000 106,000 94,000

Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Patients X 4,400 3,300 3,800 3,150 2,300 2,000 2,700 2,100 1,800 3,100 4,500 2,350

Answer Section Summary Statistics Total custodial costs for the year Average number of patients per month Lowest number of patients in a month Highest custodial costs in a month Average custodial cost per patient for the year Linear Regression Fixed cost per month (intercept) Variable cost per patient (slope) Estimated volume for next month Cost prediction for next month 4,000 $97,813

$1,010,000 2,958 1,800 $106,000 $28.45

$45,410 $13.10

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$120,000

$100,000

Custodial Costs

$80,000

$60,000

$40,000

$20,000

$0 0 500 1,000 1,500 2,000 2,500 Patients 3,000 3,500 4,000

The estimated cost is about $45,000 The months of January, May and July appear to be very close to predicted costs

The months of March, June and September appear to be most efficient because the actual costs are belo

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4,500

5,000

e the actual costs are below the predicted costs.

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3) January Patients 4200 4400 0

Cost Prediction $ 100,434.00 $ 103,054.00 $ 45,410.00

The answer in zero units of production is familiar because it is the fixed cost per month.

st per month.