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Posted: February 15th, 2022
The dataset (from Exercise #1) provides a Herfindahl–Hirschman Index variable,
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Exercise # three:
The dataset (from Exercise #1) provides a Herfindahl–Hirschman Index variable, and Herfindahl index classes, please use the herf_cat variable and reply the questions under:
Notice: “The Herfindahl–Hirschman Index is a generally accepted measure of market focus utilized by antitrust enforcement businesses and students within the subject. The HHI is calculated by squaring the market share of every agency competing out there after which summing the ensuing numbers” (NASI, 2015; pp: 14-16). Learn extra from right here:
https://www.city.org/websites/default/recordsdata/publication/50116/2000212-Addressing-Pricing-Energy-in-Well being-Care-Markets.pdf
For this train, you don’t want to compute the HHI. Nonetheless, you will have to know fully what the HHI is, as a way to accurately interpret the outcomes of your Assessment on this train and write your Assessment report nicely. In your information, herf_cat of zero = ‘Excessive’, 1 = ‘Average’, 2 = ‘Low’
Current your methodology of study beneath the header “METHOD”. Underneath that header, current your step-by-step process or specify the R-script that you just used to your information Assessment.
Use the dataset from Exercise #1. Analyze the information to acquire outcomes to finish Desk three under. Use these leads to Desk three to reply the next questions:
Examine the next info between hospitals positioned in excessive, reasonable, and low aggressive markets? (Desk 1)
What are the primary important variations between hospitals in several markets? (use the ANOVA check)
Use density curve graphs and evaluate hospital prices and revenues between the three markets.
(a) What’s the influence of being in a high-competitive market on hospital revenues and prices? (b) Do you assume being in a high-competitive market has a constructive influence on internet hospital advantages? (c) What concerning the variety of Medicare and Medicaid discharges? (d) Do you assume hospitals in a larger aggressive market usually tend to settle for Medicare and Medicaid sufferers? (e) What’s the influence of some other variables? (f) Please report your findings. Then (g) focus on the influence of your findings in 2 paragraphs.
Notice: to reply questions four(a) by way of four(f), please compute the “Medicare-discharge ratio” and the “Medicaid-discharge ratio” first, after which run two t-tests, evaluating excessive vs. reasonable and evaluating excessive vs. low aggressive markets. Create a easy desk (Desk 3A) to report your findings. Please in your Assessment report, Help your findings by creating easy box-plot graphs.
Desk three. Evaluating hospital traits and market competitiveness, 2011 and 2012
Excessive Aggressive Market
Average Aggressive Market
Low Aggressive
Market
ANOVA
——
F-Worth (Pr<|F|)
Hospital Traits
N
Imply
STD
N
Imply
STD
N
Imply
STD
Variety of Hospital beds
Variety of paid Worker
Variety of non-paid Staff
Interns and Residents
System Membership
Complete hospital price
Complete hospital revenues
Hospital internet profit
Accessible Medicare days
Accessible Medicaid days
Complete Hospital Discharge
Medicare discharge
Medicaid discharge
14. Herfindahl index
You might use an Assessment ToolPak or use R with RStudio to your calculations. It’s necessary that you just use analytical software program instruments to your calculations. Excel might also be used for all graphs. Be certain to incorporate (insert) the plotted info (the graphs) in your Assessment report.
(BONUS factors: RStudio script is obtainable for this train, however it’s essential to modify it to be used on this Assessment)
Obtain information from right here: HMGT400HOSP
Obtain codes for E2 from right here: E3-codes-dplyr
Obtain codes for E2 from right here: E3-codes-no-dplyr
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House>Enterprise & Finance Homework Help>Accounting Homework Help
third Exercise:
The dataset (from Exercisae #1) has a Herfindahl–Hirschman Index variable and Herfindahl index classes; please make the most of the herf cat variable to reply the next questions:
“The Herfindahl–Hirschman Index is a broadly established measure of market focus that’s utilized by antitrust enforcement businesses and teachers within the subject.” The HHI is decided by squaring the market share of every competing agency after which including the ensuing values” (NASI, 2015; pp: 14-16). Extra info could be discovered right here:
https://www.city.org/websites/default/recordsdata/publication/50116/2000212-Addressing-Pricing-Energy-in-Well being-Care-Markets.pdf
You do not want to compute the HHI for this train. Nonetheless, as a way to precisely consider the findings of your Assessment on this train and produce your Assessment report, you should absolutely comprehend what the HHI is.
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