For Questions Use the Following Narrative

question 21

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} What is the baseline risk of developing subsequent polyps? Interpret your answer.

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Definitions:

Potential Market

The entire market universe that could potentially buy a product or service, considering all possible customers who fall within a segment.

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a thing to be replicated or learned from.