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Q. 3. Regression analysis can be useful to tease out the importance of various factors in explaining costs.
a. Evaluate the relationship between visits per week and week. Interpret your regression results by discussing significance of the regression equation and magnitude of the estimated coefficients.
b. Evaluate the relationship between cost per visit and week. Interpret your regression results by discussing significance of the regression equation and magnitude of the estimated coefficients.
c. Compare the results from the two regressions and explain how they can be used to help Mr. Pasture in making his decision.
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