HNGT 400 EXCER 2

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Week 2, Exercise:

Use the dataset from week1 exercise and then answer the following questions:

  1. Compare the following information between teaching and non-teaching hospitals.
  2. What are the main significant differences between teaching and non-teaching hospitals? (use t-test)
  3. Comparing hospital net-benefit, which hospital has better performance? To answer this question first compute the hospital net benefits with subtracting hospital costs and revenues and then use t-test to compare the significant differences between teaching and non-teaching hospitals.
  4. Use a box-plot and compare hospitals-cost and hospital-revenues between teaching and non-teaching hospitals.
  5. Write a short paragraph and describe your findings and their importance for the managerial decision-making. List a specific managerial function and the way the processed date will be used to meet the managerial objectives.

Table 2. Descriptive statistics between teaching and non-teaching hospitals, 2011 & 2012

Hospital Characteristics Teaching Non-Teaching p-value
N Mean St. Dev N Mean St. Dev
1. Hospital beds              
2. Number of paid Employee              
3. Number of non-paid Employees              
4. Interns and Residents              
5. System Membership              
               
6. Total hospital cost              
7. Total hospital revenues              
8. Hospital net benefit              
               
9. Available Medicare days              
10. Available Medicaid days              
               
11. Total Hospital Discharge              
12. Medicare discharge              
13. Medicaid discharge              

 

Use Excel for calculations (mandatory). Make sure to attach the plotted information