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Descriptive Statistics for Profit Non-Profit Hospitals

Descriptive Statistics for Profit and Non Profit Hospitals

Use the final exam dataset and then answer the following questions:

  1. Compare the following information between for-profit and non-for-profit hospitals.
  2. What are the main significant differences between for-profit and non-for-profit hospitals? Which test is the best fit test? Why?
  3. Use a box-plot and compare Hospital net benefit between for-profit and non-for-profit hospitals.
  4. Show another scatter plot and compare hospital cost (x-axes) and revenue (y-axes) and discuss your findings?
  5. 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 teaching and non-teaching hospitals.
  6. Overall, what are the main significant differences between for-profit and non-for-profit hospitals?

Descriptive Statistics for Profit Non-Profit Hospitals

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