ECO502 Assessment 3 Decision Making Assessment

ECO502 Assessment 3 Decision Making Assessment

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Background:

A health agency is taking a survey regarding the evaluation of all the hospitals in Melbourne to find out the statistical calculation and analyze the attributes of the data. The agency needs a report that can analyze the number of admissions, type of control and type of service and other factors. They focus on the service provided by each hospital whether it is for non-government, non-federal, for profit, federal government and so on.

For analytical purposes a random sample of 60 data is generated out of 300 population data and the statistical summary of the sample data is tabulated in Table 1. 

Table 1 Statistical Summary
Variable	Mean	Median	Standard deviation	Minimum	Maximum	Range	P value	Count
Admissions	6959.00	4636.50	6995.56	441.00	37375.00	2668.50	0.168	60

Your overall task is to investigate the effect of various variables on the number of admissions in Melbourne hospitals using various descriptive analyses which is extremely helpful to formulate a conclusion.