Suppose a group of researchers performed a randomized contro…

Suppose a group of researchers performed a randomized controlled trial to determine if among Floridan adults with major depressive disorder a mindfulness-based cognitive therapy intervention is effective in reducing depressive symptoms after three-months compared to standard cognitive therapy. The researchers have finalized their data collection and are ready to analyze the data. However, the researchers disagree about the most appropriate measure of association for their study. Researcher A thinks that a risk ratio would be the most appropriate measure, while researcher B thinks that an odds ratio would be the most appropriate measure.   What would be the more appropriate measure of association in this situation, the risk ratio or odds ratio (2 points)? Explain why your chosen measure of association is more appropriate than the other (max. 4 points).

Suppose the market for Ugg footwear is in equilibrium. For t…

Suppose the market for Ugg footwear is in equilibrium. For this question assume Uggs are considered high quality comfortable footwear by consumers. If incomes increase and the leather used to make Uggs becomes cheaper what would happen to the market equilibrium?