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ruchierosanp1n3qw
31.08.2020 • 
Mathematics

The scatter plot below shows the average cost of a patient staying one day in a hospital (with no surgery) in a sample of years between 2000 and 2015. The least squares regression line modeling this data is given by yˆ=−4815+3.765x. A scatterplot is shown A scatterplot has a horizontal axis labeled Year from 2005 to 2015 in increments of 5 and a vertical axis labeled Price ($) from 2660 to 2780 in increments of 20. The following points are plotted: (2003, 2736); (2004, 2715); (2007, 2675); (2009, 2719); (2013, 270). All coordinates are approximate. Interpret the slope of the least squares regression line. Select the correct answer below: The average cost of a day in a hospital decreased by $3.765 each year between 2000 and 2015. The average cost of a day in a hospital increased by $3.765 each year between 2000 and 2015. The average cost of a day in a hospital decreased by $4815 each year between 2000 and 2015. The average cost of a day in a hospital increased by $4815 each year between 2000 and 2015.

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