Sheet 1 HMGTFINALEXAM1...

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The main idea of the final exam is to evaluate students analytical skills. For the final exam, students will need to useExcel


Sheet 1 HMGTFINALEXAM1 hospital_bedstotal_hospital_employees_on_payrtotal_hospital_non_paid_workersinterns_and_residentssystem_membertotal_hosp_costtotal_hosp_revenuetotal_hospital_medicare_daystotal_hospital_medicaid_daystotal_hospital_medicare_dischargtotal_hospital_dischargespct_female_under_povertypct_male_under_povertytotal_populationmedian_hh_incomestateabbrevstatenamefipsherf_indexherf_catherf_insyearowntotal_hospital_medicaid_dischargteaching_hospitallog_hosp_revenuepct_poverty 14802097046172.68E+0816538.376955311.2768553209.5805669345.22363311.46.712314357809NHNew Hampshire33017102201212867019.4049418.1 356114615.2111859013592.26E+08228381049741331395418.711.465846645244ALAlabama10730.35712180220113697019.235430.1 376240113370820966030144528206930453941652713.28.119540853855WIWisconsin551010.70805722201131253017.9148721.3 3302319903691926275.37E+0816538.376955311.2768553209.5805669345.22363314.99.316231053183DEDelaware100011222012166020.1022324.2 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Answered Same DayJul 09, 2021

Answer To: Sheet 1 HMGTFINALEXAM1...

Sudharsan.J answered on Jul 11 2021
138 Votes
Update: 11/07/2020
Question #1 (15 credits): [Excel Users]
Note: Missing value were removed and then analysis has been done.
ยท Number of paid Employee, Internes and Residents, 9. Available Medicare days, Available Medicaid days, Total Hospital Discharge, Medicare discharge, are the variables found to have significant difference between 2011 and 2012 in Hospital Characteristics
ยท There was no significance differ
ence were found between 2011 and 2012 in Socio-Economic Variables
ยท Year 2012 were found to be have better performance. Most of the discharge were found in hospital characteristics in 2011.the average percentage of population under poverty were found to be 25.96 in 2011 is greater than in 2012 with 25.79
Table 1. Descriptive statistics between hospitals in 2011 & 2012
    
    2011
    2012
    p-value
    
    N
    Mean
    St. Dev
    N
    Mean
    St. Dev
    
    Hospital Characteristics
    1. Hospital beds
    1078
    229.3831169
    206.7203665
    922
    216.9284165
    196.4660286
    0.2451
    2. Number of paid Employee
    889
    1167.271136
    1444.544659
    114
    155.0719298
    136.0965474
    <0.0001
    3. Number of non-paid Employee
    78
    48.81794872
    68.84540167
    114
    41.82280702
    44.02358034
    0.6732
    4. Internes and Residents
    279
    79.66508961
    138.8384946
    45
    4.400888889
    3.779511646
    <0.0001
    5. System Membership
    1078
    0.600185529
    0.490087407
    922
    0.620390456
    0.485553133
    0.3533
    
    
    
    
    
    
    
    
    6. Total hospital cost
    1078
    203721472.4
    303617442.7
    922
    183787893.4
    264628110.1
    0.1901
    7. Total hospital revenues
    1078
    477069773.4
    1034436756
    922
    471251694.3
    1091464506
    0.2272
    8. Hospital net benefit
    1078
    273348300.9
    980969519.3
    922
    287463800.9
    1034361063
    0.8321
    
    
    
    
    
    
    
    
    9. Available Medicare days
    1068
    16538.37734
    19225.12023
    922
    16538.37695
    1.34678E-10
    <0.0001
    10. Available Medicaid days
    1052
    5311.276616
    9190.481016
    922
    5311.276855
    2.36597E-11
    0.0001
    
    
    
    
    
    
    
    
    11. Total Hospital Discharge
    1069
    9345.223573
    10724.69898
    922
    9345.223633
    9.82787E-11
    <0.0001
    12. Medicare discharge
    1068
    3209.580524
    3382.006859
    922
    3209.580566
    3.68545E-11
    <0.0001
    13. Medicaid discharge
    1064
    1253.279135
    1900.277427
    908
    1173.192731
    1761.23782
    0.7637
    Socio-Economic Variables
    14. Per Capita Hospital Beds to Population
    1078
    0.002338301
    0.004095248
    922
    0.002348744
    0.003575191
    0.1819
    15. Percent of population under poverty
    1078
    25.96855288
    9.668586428
    922
    25.79707158
    9.51527842
    0.6186
    16. Percent of Female population under poverty
    1078
    15.87625232
    5.562371262
    922
    15.78112798
    5.437433253
    0.6533
    17. Percent of Male population under poverty
    1078
    10.09230056
    4.321048879
    922
    10.0159436
    4.309623051
    0.5598
    18. Median Household Income
    1078
    50137.41373
    13656.34485
    922
    49704.88395
    12843.87603
    0.7763
Question #2 (15 credits): [Excel Users]
Use the final exam dataset and then answer the following questions:
1. Compare the following information between for-profit and non-for-profit hospitals.
Comparison made and given in table
1. What are the main significant differences between for-profit and non-for-profit hospitals? Which test is the best fit test? Why?
Independent t test has been used since we have two groups.
1. Use a box-plot and compare Hospital net benefit between for-profit and non-for-profit hospitals.
There are large number of outliers found in hospital group, comparisons cannot be made from the box plot.
1. Show another scatter plot and compare hospital cost (x-axes) and revenue (y-axes) and discuss your findings?
As most of the observations are densed at lower total hospital cost as compared to very few higher total revenue observed for lesser total hospital cost.
1. Comparing hospital net-benefit which hospitals has better performance? To answer this question first compute the hospital net benefits with subtracting hospital costs and revenues and then use ttest to compare the significant differences between FP and NFP hospitals.
    
    hospital
    N
    Mean
    Std. Deviation
    P...
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