For Questions Use the Following Narrative

question 18

Multiple Choice

For Questions use the following narrative
Narrative: Aspirin and polyps
A study done by the Ohio State University Medical Center examined whether or not taking an aspirin a day would help colon cancer patients reduce the chance of getting subsequent colon polyps.635 patients with colon cancer participated; 317 of them were randomly assigned to the aspirin group, and the other 318 patients were assigned to a placebo (non-aspirin) group.54 patients in the aspirin group developed subsequent polyps, compared to 86 patients in the non-aspirin group.Many confounding variables were controlled for in this well-designed randomized experiment.
-{Aspirin and polyps narrative} What are the odds of developing subsequent polyps for colon cancer patients who don't take an aspirin a day?

• A)86 to 318
• B)86 to 54
• C)86 to 232
• D)None of the above

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Definitions:

Reported Amount

The value of an item as presented in financial statements, considering the accounting principles and policies applied by the entity.

Capital Lease

A capital lease is a lease in which the lessee records the leased asset as if it has been purchased, creating both an asset and a liability on the balance sheet.

Economic Life

The estimated period over which an asset is expected to be economically usable, both for its original purpose or for other purposes.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.