An Odds Ratio Can Range from Close to Zero to Levels

question 2

Multiple Choice

An odds ratio can range from close to zero to levels exceeding 5 or 6; however, if you received an odds ratio of 1, what assumptions can you make about your results?

• A) The P-value from the tests is too large.
• B) The odds of the outcome are similar for people regardless of their exposure to the variable of interests.
• C) You can't make an assumption without the confidence interval.
• D) The P-value from the tests is too large, and the odds of the outcome are similar for people regardless of their exposure to the variable of interests.
• E) The P-value from the tests is too large, and you can't make an assumption without the confidence interval.

---

Definitions:

Profit-Maximizing Quantity

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.

Marginal Revenue

Marginal Revenue refers to the increase in revenue resulting from the sale of one additional unit of a product or service.

Marginal Cost

The growth in the total amount of costs resulting from the manufacture of one more unit of a good or service.

Efficient Scale

The level of production at which a firm achieves the lowest possible cost per unit of output, optimizing its use of resources.