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Explanation & Answer
ET/EM = (3x+2)/(5x) = 2/3 since EM is the median
3(3x+2) = 2(5x)
9x+6 = 10x
10x-9x =6
x =6
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MATH 302 APU Cost of Living Multiple Linear Regression Model Executive Summary
A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of O ...
MATH 302 APU Cost of Living Multiple Linear Regression Model Executive Summary
A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of Operations decide to enlist the help of a consulting firm that you work for, to help collect data and analyze market trends.You work for Mercer Human Resources. The Mercer Human Resource Consulting websitelists prices of certain items in selected cities around the world. They also report an overall cost-of-living index for each city compared to the costs of hundreds of items in New York City (NYC). For example, London at 88.33 is 11.67% less expensive than NYC.More specifically, if you choose to explore the website further you will find a lot of fun and interesting data. You can explore the website more on your own after the course concludes.https://mobilityexchange.mercer.com/Insights/ cost-of-living-rankings#rankingsASSIGNMENT GUIDANCE:In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost of living index, cost of a 3-bedroom apartment (per month), price of monthly transportation pass, price of a mid-range bottle of wine, price of a loaf of bread (1 lb.), the price of a gallon of milk and price for a 12 oz. cup of black coffee. All prices are in U.S. dollars.You use this information to run a Multiple Linear Regression to predict Cost of living, along with calculating various descriptive statistics. This is given in the Excel output (that is, the MLR has already been calculated. Your task is to interpret the data).Based on this information, in which city should you open a second office in? You must justify your answer. If you want to recommend 2 or 3 different cities and rank them based on the data and your findings, this is fine as well.DELIVERABLE REQUIREMENTS:This should be ¾ to 1 page, no more than 1 single-spaced page in length, using 12-point Times New Roman font. You do not need to do any calculations, but you do need to pick a city to open a second location at and justify your answer based upon the provided results of the Multiple Linear Regression.The format of this assignment will be an Executive Summary. Think of this assignment as the first page of a much longer report, known as an Executive Summary, that essentially summarizes your findings briefly and at a high level. This needs to be written up neatly and professionally. This would be something you would present at a board meeting in a corporate environment. If you are unsure of an Executive Summary, this resource can help with an overview. What is an Executive Summary?THINGS TO CONSIDER:To help you make this decision here are some things to consider:Based on the MLR output, what variable(s) is/are significant?From the significant predictors, review the mean, median, min, max, Q1 and Q3 values?It might be a good idea to compare these values to what the New York value is for that variable. Remember New York is the baseline as that is where headquarters are located.Based on the descriptive statistics, for the significant predictors, what city has the best potential?What city or cities fall are below the median?What city or cities are in the upper 3rd quartile?
CNUAS Independent Project Statistical Analysis Report
Instructor's Slides Independent Project Slides June 2020.pptx Independent Project Slides June 2020.pptx - Alternative Form ...
CNUAS Independent Project Statistical Analysis Report
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Health care organizations such as Choice Hospital must keep up to
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Health care organizations such as Choice Hospital must keep up to
date with new initiatives related to reimbursement by third-party payers
for services provided. This is especially true for Medicare
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Care Act and the 21st Century Cures Act. You are working with the chief financial officer and his team on two
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Is it an incentive- or penalty-type program related to the rate of Medicare reimbursement?
Are the statistics and the program or initiative tied to performance, for example improving quality of care? If so, how?
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Most Popular Content
MATH 302 APU Cost of Living Multiple Linear Regression Model Executive Summary
A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of O ...
MATH 302 APU Cost of Living Multiple Linear Regression Model Executive Summary
A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of Operations decide to enlist the help of a consulting firm that you work for, to help collect data and analyze market trends.You work for Mercer Human Resources. The Mercer Human Resource Consulting websitelists prices of certain items in selected cities around the world. They also report an overall cost-of-living index for each city compared to the costs of hundreds of items in New York City (NYC). For example, London at 88.33 is 11.67% less expensive than NYC.More specifically, if you choose to explore the website further you will find a lot of fun and interesting data. You can explore the website more on your own after the course concludes.https://mobilityexchange.mercer.com/Insights/ cost-of-living-rankings#rankingsASSIGNMENT GUIDANCE:In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost of living index, cost of a 3-bedroom apartment (per month), price of monthly transportation pass, price of a mid-range bottle of wine, price of a loaf of bread (1 lb.), the price of a gallon of milk and price for a 12 oz. cup of black coffee. All prices are in U.S. dollars.You use this information to run a Multiple Linear Regression to predict Cost of living, along with calculating various descriptive statistics. This is given in the Excel output (that is, the MLR has already been calculated. Your task is to interpret the data).Based on this information, in which city should you open a second office in? You must justify your answer. If you want to recommend 2 or 3 different cities and rank them based on the data and your findings, this is fine as well.DELIVERABLE REQUIREMENTS:This should be ¾ to 1 page, no more than 1 single-spaced page in length, using 12-point Times New Roman font. You do not need to do any calculations, but you do need to pick a city to open a second location at and justify your answer based upon the provided results of the Multiple Linear Regression.The format of this assignment will be an Executive Summary. Think of this assignment as the first page of a much longer report, known as an Executive Summary, that essentially summarizes your findings briefly and at a high level. This needs to be written up neatly and professionally. This would be something you would present at a board meeting in a corporate environment. If you are unsure of an Executive Summary, this resource can help with an overview. What is an Executive Summary?THINGS TO CONSIDER:To help you make this decision here are some things to consider:Based on the MLR output, what variable(s) is/are significant?From the significant predictors, review the mean, median, min, max, Q1 and Q3 values?It might be a good idea to compare these values to what the New York value is for that variable. Remember New York is the baseline as that is where headquarters are located.Based on the descriptive statistics, for the significant predictors, what city has the best potential?What city or cities fall are below the median?What city or cities are in the upper 3rd quartile?
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Find the probability that a student selected at random is in athletics or music class. Round to the nearest percent, homework help
The Venn diagram below shows the number of participants in extracurricular activities for a junior class or 324 students.F ...
Find the probability that a student selected at random is in athletics or music class. Round to the nearest percent, homework help
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Colorado Technical University Healthcare Statistics & Research Project 4
Health care organizations such as Choice Hospital must keep up to
date with new initiatives related to reimbursement by ...
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Health care organizations such as Choice Hospital must keep up to
date with new initiatives related to reimbursement by third-party payers
for services provided. This is especially true for Medicare
reimbursement and initiatives tied to legislation such as the Affordable
Care Act and the 21st Century Cures Act. You are working with the chief financial officer and his team on two
types of statistics related to Medicare reimbursement initiatives:Medicare spending per beneficiary (MSPB)
Hospital readmission rates You will be working with the finance team to prepare a presentation
for the CEO and executive leadership team to help them understand these
requirements. Your presentation should be 5-7 slides (100-150 words per
slide, not including the title and reference slides) with APA
formatting. Cite at least 2 scholarly reference articles or government
publications that were published within the last 3-5 years.Your presentation should address the following for both the MSPB and hospital readmission rate statistics:Describe the Medicare program or initiative that uses the statistic.
Is it an incentive- or penalty-type program related to the rate of Medicare reimbursement?
Are the statistics and the program or initiative tied to performance, for example improving quality of care? If so, how?
Which legislation is authorizing the Centers for Medicare and Medicaid Services (CMS) to initiate these programs?
Define the statistic and how it is calculated.
Provide examples of these statistics from publications or
government sites. For many of the CMS initiatives, data for health care
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site. Cite all references using APA formatting.
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