Descriptive Statistics: Create an Excel file and title it Data Analysis Workbook. Within your workbook, create a sheet titled P1_Descriptive Analysis. Present descriptive statistics (mean, median, standard deviation, and range) in a table for four attributes from the data set.
Analyze the current hospital data to identify trends and patterns in hospital admissions and costs.
Admission Trends and Charts: Create a sheet titled P1_Admission Trends in your Data Analysis Workbook. Then, create two pie charts and two column/bar charts.
For Pie Chart #1: One slice should be labeled Admissions. Choose another attribute for the second slice. For Pie Chart #2, both slices can be attributes of your choice.
For the two column/bar charts: Ensure that one column is titled Admissions for both charts. Choose a different attribute for the other column.
Expense Trends and Charts: Create a sheet titled P1_Expense Trends in your Data Analysis Workbook. Then, create two column charts and two line charts.
For the two column/bar charts: Ensure that one column is titled Expense for both charts. Choose a different attribute for the other column.
For Line Chart #1, one of the lines should represent Expense; choose another attribute for the second line. For Line Chart #2, both lines can represent attributes of your choice.
Outliers: Identify any outliers that you see and explain how they have an impact on the overall admission and expense trends. Outliers are the data points that can have an impact on your averages and basic descriptive analysis.
Analysis: Form and explain your initial hypothesis based on your analysis of the charts and trends in Excel.
Which option (Option A or Option B) would you choose at this point in your analysis, given the expense range of $55–$75 million?
Why did you choose your selected attributes?
Describe any relationships or trends you observed while conducting your analysis.
Guidelines for Submission
Your current state analysis report should be a 1- to 2-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Any sources should be cited in APA format.
Submit your Data Analysis Workbook as an Excel file. It should include three worksheets: P1_Descriptive Analysis, P1_Admission Trends, and P1_Expense Trends.
