In this study we are analyzing the number of hospital beds per 1k population in Florida and trying to come up with some interesting findings which will help com-paring Florida with rest of the US and if possible will lead to a predictive model showing how different driving factors are related with the number of hospital beds per 1k population in Florida.
Summary Statistics and Explanation
• Number of hospital beds per 1k population has been calculated taking the ratio of Total number of hospital beds in a country to the total popu-lation of that country and then multiplying by 1000.
• For the basic comparison of Florida with rest of the nation, we took aver-age number of beds per 1k across all the country belonging to the state and plotted …show more content…
• Our null hypothesis for this test was there is no difference between the numbers of hospital beds per 1k in Florida and rest of the world.
• Alternative hypothesis for this is that there are significant difference be-tween the average numbers of hospital beds per 1k in Florida and rest of the world.
• Firstly we performed F-test2 to check whether variance of these two groups are different or not, and we found that there are significant differ-ences between two variances.
• As our next step, we carried out a t-test3 to figure out whether there is any significant difference between two groups or not.
• In this test we found out that average number of bed per 1k in Florida is 2.62 and the same for rest of the nation is 3.52. Though it seems there is some difference in these two numbers, actually these measures are not significantly different with 95% confidence.
Predicting Florida’s Hospital Bed Density
• We started building our predictive model for Florida with 13 analysis vari-able as independent variables and beds per 1k as dependent