HSML 6268 Quantitative Methods
Instructions
Write your answers in complete sentences. Be as precise and concise as you can be; each answer should be no longer than three sentences.
You are allowed to discuss this assignment with other students in this course, but you must write your answers alone. I will compare submissions and run every submission through a plagiarism-detection filter.
HSML 6268
Assignment 2 – Quantitative Methods
Due Friday, September 16, 2022, at midnight
Each answer is worth 1 point, for a total of 15 points.
A medical center is concerned about the length of stay, measured in days, of its patients who undergo joint-replacement procedures.
To this end, it has asked you to compare the length of stay of patients who received a ceramic implant (coded as 1 in the predictor variable Ceramic) to the length of stay of patients who received a conventional implant (coded as 0 in the predictor variable Ceramic).
After drawing a small random sample of the patients who received a joint replacement at this medical center, you ran the following regression model:
|
Length of Stay |
Coefficients |
Standard Error |
t Stat |
P-value |
Lower 95% |
Upper 95% |
|
Intercept |
4.34 |
0.25 |
17.35 |
0.00 |
3.85 |
4.83 |
|
Ceramic |
-0.81 |
0.26 |
-3.07 |
0.00 |
-1.33 |
-0.29 |
1.
Use the regression results from the table shown above to write out the estimated equation.
2.
What does the number 4.34 in the Coefficients column measure?
3.
What does the number -0.81 in the Coefficients column measure?
4.
Was there a difference in predicted length of stay between the two groups in the small random sample of the patients who received a joint replacement at this medical center?
That is, was the estimated coefficient of Ceramic different from zero numerically?
Explain your answer.
5.
At a 5% level of statistical significance, do you infer that there was a difference in length of stay between the two groups in the population of all patients who received a joint replacement at this medical center?
That is, was the estimated coefficient of Ceramic different from zero statistically?
Explain your answer.
6.
Compute the predicted length of stay if 60% of patients receive a ceramic implant.
7.
Compute the change in predicted length of stay when the percentage of patients receiving a ceramic implant increases from 60% to 100%.
Now you add three more predictor variables to the regression model:
· Elective was 1 if the procedure was elective and 0 if it was emergent.
· Age was measured in years.
· Mortality Risk was coded as 0 low, 1 moderate, 2 high, 3 very high.
|
Length of Stay |
Coefficients |
Standard Error |
t Stat |
P-value |
Lower 95% |
Upper 95% |
|
Intercept |
5.79 |
0.65 |
8.95 |
0.00 |
4.52 |
7.06 |
|
Ceramic |
-0.41 |
0.25 |
-1.60 |
0.11 |
-0.90 |
0.09 |
|
Elective |
-1.07 |
0.27 |
-3.97 |
0.00 |
-1.60 |
-0.54 |
|
Age |
-0.02 |
0.01 |
-2.17 |
0.03 |
-0.03 |
0.00 |
|
Mortality Risk |
0.89 |
0.13 |
6.70 |
0.00 |
0.63 |
1.16 |
8.
Use the regression results from the table shown above to write out the estimated equation.
9.
What does the number -0.41 in the Coefficients column measure? Why is this number different than the estimated coefficient of Ceramic shown in the first regression table, -0.81?
10.
Does the substantive strength of the association (that is, the magnitude of the coefficient) between receipt of a ceramic implant and length of stay increase, stay the same, or decrease when we hold constant the nature of the procedure (elective or emergent), the patient’s age, and the patient’s mortality risk? Explain your answer.
11.
Does the statistical strength of the association between receipt of a ceramic implant and length of stay increase, stay the same, or decrease when we hold constant the nature of the procedure (elective or emergent), the patient’s age, and the patient’s mortality risk? Explain your answer.
12.a.
Compute the predicted value of length of stay if 60% of patients receive a ceramic implant. Assume that 37% of patients are admitted on an elective basis, that their mean age is 71 years, and that the average mortality risk is 1.3.
12.b.
Compute the change in predicted length of stay when the percentage of patients receiving a ceramic implant increases from 60% to 100%. Assume that the share of patients who were admitted on an elective basis as well as the average age and average mortality risk remain unchanged as specified in 12.a.
Suppose now that you have built six different prediction models of length of stay, labeled A through F. The Cleveland dot plot below shows the test root mean squared error (test RMSE) for each model.
13.
What does the word “test” in “test RMSE” refer to?
14.
The test RMSE of Model F is 0.567. Explain briefly in plain English what the number 0.567 measures. What is the unit of measurement of the test RMSE in this example?
15.
If predictive accuracy was your only concern, which model would you retain? Explain your answer.
© 2022 Lorens A. Helmchen page 1 of 2
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