please focus on the Median Charge as a measure of the cost of this procedure in a
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please focus on the Median Charge as a measure of the cost of this procedure in a facility.
There are at least three factors in the data set (beyond geography) that can help explain some of the variation in median charges across facilities ? Status (Public/Private), Type (Academic Medical Center or not), and Volume (# of discharges)[1]. Which of these three factors is/are making a difference? Why? Please note that, for the difference to be meaningful, it has to be statistically significant.
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