Question: CHI SQUARE PROBLEM (Use this to answer the questions following) Brandon Pharmaceuticals has developed a new drug to cause fast recovery from Covid. They have
- CHI SQUARE PROBLEM
(Use this to answer the questions following)
Brandon Pharmaceuticals has developed a new drug to cause fast recovery from Covid. They have run 1000 trials with 500 receiving the Dexacort and 500 receiving Remdesivir. The results obtained are
Dexacort Remdesivir
Fast Recovery 350 180
No Recovery 150 320
THE BENEFIT OF A HEALED PERSON IS $2,000
THE COST OF A DOSE OF DEXACORT IS $100
THE COST OF A DOSE OF REMDESIVIR IS $1,OOO
What is the calculated Chi Square Value?
What is the critical Chi Square Value for this problem? Fill in two decimal places
What % of people treated using the Dexacort were cured? Just enter a number without the %
What was the amount benefits exceeded costs using Dexacort?
What was the benefit or (positive or negative) for using Remdesivir?
| A. | 200,000 | |
| B. | 300,000 | |
| C. | 140,000 | |
| D. | -140,000 | |
| E. | -120,000 |
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