Suppose It Was Reported on the News That a Recent

question 10

Multiple Choice

Suppose it was reported on the news that a recent study concluded that the probability that you will get brain cancer if you use a cell phone doubled from 1 in 460,000 to 1 in 230,000. Choose the statement that best summarizes the significance of this result.

• A)Although this result may have statistical significance, it does not have clinical significance since the probability that you will get brain cancer if you use cell phone is still so small that it is
• Unlikely to have a meaningful effect on lives.
• B)Many would say that this result has both clinical and statistical significance because the probability more than doubled and this result could have a significant impact on lives.
• C)Many would say that this result does not have clinical or statistical significance because the probabilities are so small that they are meaningless.
• D)Although this result may have clinical significance, it does not have statistical significance since the probability that you will get brain cancer if you use a cell phone is still so small that it is
• Unlikely to have a meaningful effect on lives.

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Definitions:

Loanable Funds

Money available for lending and borrowing, determined by the supply of savings and demand for loans.

Rightward

Used to describe movement towards the right, often in the context of shifts in supply or demand curves in economic graphs.

Tax Rate

The rate at which the government taxes an individual or corporation's income or earnings.

Loanable Funds

The total resources or funds available for borrowing, typically within a nation's financial markets, where savers supply funds and borrowers demand them.