solved: When all other variables are maintained constant, an increase in…

  

When all other variables are maintained constant, an increase in…When all other variables are maintained constant, an increase in one unit occupancy rate increases average hospital duration of stay by 0.217. The occupancy rate has a substantial effect on the average hospital duration of stay at the 5% significance level, as indicated by the t-stat of 2.54*.When one unit occupancy rate is increased while the other variables remain constant, the average length of stay in a teaching hospital increases by 0.617. At a 5% significance level, the t-stat of 3.21* indicates that the teaching hospital or non-teaching hospital has a significant effect on the average hospital duration of stay. BusinessEconomicsMicroeconomics HEALTHCARE 5623

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