Homework: Accounting
Overview
Data measurement is an important aspect of data analytics. Identifying trends in key attributes of data is a fundamental measurement for various aspects in business data and an important skill for business professionals.
Scenario
You have been hired as a consultant by a large hospital chain. As part of its expansion plan, the organization wants to open a new hospital in a small- to medium-sized town (with a population of 10,000-50,000). Previously, senior management hired a market research firm to do an initial feasibility analysis. The firm presented the management team with two options:
a. Option a: Open a small facility of 90-100 beds.
b. Option b: Open a medium-sized facility of 300-350 beds.
The hospital's vice president of operations and finance has tasked you with doing an in-depth analysis to determine which of the two options will be the most profitable, given the expense range of $55-$75 million. The hospital has provided you with a data set that contains data about admissions, personnel, and hospital beds, and attributes of the data such as outpatient visits, births, total expense, and census information.
Your work here in Phase One is to do a current trend analysis, which will help you test your initial hypothesis as to which size facility is most profitable. You will use the work here as a foundation for Phase Two (in Milestone Two).
Prompt
For this homework, you will analyze the data from the Hospital Data Set and identify trends and patterns in the current operations. You will submit a written current state analysis report. You will also create multiple charts to present the descriptive analysis you performed. To organize this information, you will create and submit a Data Analysis Workbook in Excel. For this milestone, you will add three sheets to the workbook, and you'll add more as you complete your Milestone Two homework.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.