For Questions , Use the Following Narrative

question 9

Essay

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} How many cells will the contingency table have for the data presented by this study?

---

Definitions:

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output level changes, typically downward sloping for firms in competitive markets.

Economic Profits

Profits exceeding the opportunity costs of all resources used in production, indicating the firm is earning more than the minimum required to stay in business.

Monopolist

A single seller in a market who has significant control over the supply and price of a particular product or service.

Profit-maximizing Quantity

The level of output at which a company makes the highest profit, where marginal cost equals marginal revenue.