Question

In: Math

1. When discussing the concept of risk, what type of outcomes are we considering (negative outcomes...

1. When discussing the concept of risk, what type of outcomes are we considering (negative outcomes or positive outcomes)?   (For example, would we talk about the risk of DYING from heart failure OR the risk of SURVIVING heart failure?)

2. If the risk of Outcome A is 154% compared to the risk of Outcome B, has the risk for Outcome A increased, decreased or stayed the same?

3. What decimal (e.g x.xx) would you use to express a risk of 67%?  Has the risk increased, decreased or stayed the same?

4. When considering the confidence interval surrounding a risk (e.g. risk of 0.84 with a 95% CI of 0.65 – 0.98), what is the “key” number to look for, and why?  What is the relationship between statistical significance and this “key” number?

5. In a population of cigarette smokers, 35 out of 1,436 will develop small cell lung cancer (SCLC).   What is the risk of developing SCLC in this population?

6. In a population of non-smokers, 188 out of 153,678 will develop SCLC.   What is the risk of developing SCLC in this population?

7. What is the relative risk for developing SCLC among smokers as compared to non-smokers?

8. In your own words, what is the difference between risk and odds?

9. Construct a 2x2 table for the statistics given for SCLC above and calculate the odds ratio.

10. In your own words, what is the meaning of the odds ratio? (How would you explain this to a patient?)        

11. If the risk for developing a neural tube defect (NTD) without folate supplementation is 0.63% and the risk for developing a NTD with folate supplementation is 0.03%, what is the relative risk for not taking folate, and what is the relative risk reduction for taking folate?

12. What is the absolute risk reduction for taking folate supplementation?  What is the NNT for taking folate supplementation?

REVIEW QUESTIONS

1.   When does a manufacturer apply for an IND?

2.   When does a manufacturer apply for an NDA?

3.   After what stage of the drug development process is the drug released to market?

4.   A study contains the statement, “Based on the p-value of 0.056, the null hypothesis was accepted and it was determined that the diabetic control on drug A was not different from diabetic control on drug B.”   What branch of statistics is this statement representing?

5.   By definition the 50thpercentile is also known as what”

6.   On a stem and leaf plot, the range is determined by taking the largest possible valuable and subtracting the lowest possible value. True or False?

7.   What part of a box plot represents the interquartile range?

8.   Between a pie chart, bar chart and histogram, which two are used for discreet data?

Solutions

Expert Solution


Related Solutions

When we are discussing Two-Way ANOVAs, what do we mean when we talk about a mixed-model...
When we are discussing Two-Way ANOVAs, what do we mean when we talk about a mixed-model design? There is an advantage to doing a Two-Way ANOVA rather than two One-Way ANOVAs. What is it?
what is the cause of an increased risk for type 1 errors when T tests are...
what is the cause of an increased risk for type 1 errors when T tests are conducted and how might researchers eliminate the increased risk of a type 1 error in a study?
At a lovely Sunday picnic you impress your partner by discussing the core concept of risk...
At a lovely Sunday picnic you impress your partner by discussing the core concept of risk versus return. You explain that when investments are diversified across different asset classes the overall risk profile of the portfolio is improved. You continue by explaining that there are numerous types of risk. Which of the following are examples of unsystematic risk? (1) Financial risk (due to the company’s excess leverage) (2) Loss of market share (3) Interest rate risk (4) Business-cycle risk a....
(a) Considering Valuation Models, what type of dividend model is useful when we are examining/valuing one...
(a) Considering Valuation Models, what type of dividend model is useful when we are examining/valuing one with a temporary high growth rate? Fully Explain. (b) Considering Stock Option Value, what can you say about the relationship between volatility and call option value? Fully Explain.
1. What is meant when we say that two variables have a strong positive (or negative)...
1. What is meant when we say that two variables have a strong positive (or negative) linear correlation? Is it possible that two variables could be strongly related but have a low linear correlation? Can you give an example? 2. Give a very general description of how the least-squares criterion is involved in the construction of the least squares line.
Why do negative externalities, monopoly, and asymmetric information result in bad economic outcomes? What can we...
Why do negative externalities, monopoly, and asymmetric information result in bad economic outcomes? What can we do to fix these?
9. Which type of risk is NOT important when considering the governance structures of organizations(or any...
9. Which type of risk is NOT important when considering the governance structures of organizations(or any other type of organiational form)? a. Financial Risk B. Collaborative Risk C. Exchange Rate Risk D. Bounded rationally risk
What do we mean by the term societal risk? What type of diagram do we use...
What do we mean by the term societal risk? What type of diagram do we use to assess societal risk? Draw such a diagram making sure you have enough information to assess whether the risk is acceptable or not
12. when discussing acceptable audit risk (AAR) and the audit risk model which of the following...
12. when discussing acceptable audit risk (AAR) and the audit risk model which of the following statements is true A. AAR is objectively determined by the auditor B. When the auditor decides on a lower acceptable audit risk it means the auditor wants to be more certain that the financial statements are not materially misstated C. AAR is the risk that the auditor is willing to take that the financial statements are fairly stated D. The terms audit assurance overall...
1.The classical probability concept applies only when all possible outcomes are _________. 2.In general, if r...
1.The classical probability concept applies only when all possible outcomes are _________. 2.In general, if r objects are selected from a set of n objects, any particular arrangement (order) of these objects is called.____________ The number of ways in which r objects can be selected from a set of n distinct objects (in other words, that is when the order of objects doesn't matter) is called___________ 3.The sum of the probability in the formula for the mathematical expectation is equal...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT