Provide an Appropriate Response $\alpha = 0.01$

question 75

Short Answer

Provide an appropriate response.
-A well-known study of 22,000 male physicians was conducted to determine if taking aspirin daily reduces the chances of a heart attack. Half of the physicians were given a regular dose of aspirin while the other half was given placebos. Six years later, among those who took aspirin, 104 suffered heart attacks while among those who took placebos, 189 suffered heart attacks. Does it appear that the aspirin can reduce the number of heart attacks among the sample group that took aspirin? Use $\alpha = 0.01$ .

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Definitions:

Deposit Expansion Multiplier

A ratio that explains the total increase in deposits within the banking system generated from an initial deposit, based on the reserve requirement ratio.

Open Market Securities

Financial instruments such as bonds or stocks that are traded freely on the open market and can be bought and sold by investors.

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.

Business Investment

The act of allocating resources, usually in the form of capital, to create, expand, or improve a business's assets.