HGMT 400 UMUC Comparing Information BW Teaching & Non Teaching Hospitals Questions

Question Description

Exercise2

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

Compare the following information between teaching and non-teaching hospitals.
What are the main significant differences between teaching and non-teaching hospitals? (use t-test)
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.
Use a box-plot and compare hospitals-cost and hospital-revenues between teaching and non-teaching hospitals.
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

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