The
three questions below will guide the selection of appropriate methods
to explore the data for newborns’ hospital stays in the Adirondack
region in 2014 with a primary objective of identifying factors related
to total cost.
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What is the response
(Y) of interest and how is it measured? The variable of primary interest
is total cost which is a continuous variable.
-
Are predictor variables
mentioned in the problem statement? If so, how many and what are
their measurement levels? The problem statement asks for the information
on newborns to be explored with a focus on total costs. There are
a number of nominal, ordinal, and continuous variables in the data
set that may be related to total cost.
-
What are you being asked
to deliver? A data description, an interval estimate, an answer to
a question, or a predictive model? You are being asked to explore
the newborn data as related to total cost for an inpatient hospital
stay. Visualization is an effective way to identify and display possible
relationships that are candidates for more detailed analysis.