Effectiveness between the two different treatments

Assignment Help Finance Basics
Reference no: EM131702940

Round all answers to 3 decimal places and assume α=0.05 unless otherwise noted.

1. The most common therapy for warts is cryotherapy, in which liquid nitrogen is applied to the area of the wart every few weeks, freezing it for a few seconds until the wart falls off. A cheaper alternative therapy is to put duct tape on the wart for a week until the wart goes away. In a randomized trial, patients with warts were randomly assigned to a cryotherapy treatment or a duct tape treatment with the following results:

Cured Not Cured for Duct tape are 12 14, and Liquid nitrogen are 21 6

a. Supposing you want to compare the success of each treatment, sketch the appropriate graph for this analysis.

b. Carry out the appropriate test to determine if there is a difference in effectiveness between the two different treatments. Include all steps for full credit.

c. Quantify the difference in success rates with the appropriate measure and interpret it in the context of the problem.

Reference no: EM131702940

Questions Cloud

Discuss the potential positive consequences of all types : The category of complainers called irates has a very optimistic sense of the potential positive consequences of all types of complaining
What your current view of your anticipated results is : What strategy you will be implementing.What your most recent decisions are, and why.What your current view of your anticipated results is.
Appropriate test to determine number of plant species : Carry out the appropriate test to determine if the number of plant species differs in the floodplains of these two rivers. Include all steps for full credit.
Find new and interesting service in your local area : Find a new and interesting service in your local area or a service offered on your campus.
Effectiveness between the two different treatments : Carry out the appropriate test to determine if there is a difference in effectiveness between the two different treatments. Include all steps for full credit.
Explain what are the shared values of the organization : Internal Environmental Scan- Explain what are the shared values of the organization? What are the behaviors espoused by these values?
Discuss very tricky if you don''t utilize your best abilities : Now on one hand, any person can run a fundraising campaign but for it to be a successful campaign you have to poses certain qualities
Recruiting job candidates : The cost of recruiting, selecting, and training a new employee is usually more than 100% of that employee’s annual salary.
Discuss the leading position in an embryonic market : You work for a small company that has the leading position in an embryonic market. Your boss believes that the company's future is ensured.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd