How would you estimate the treatment effect of the drug


Problem

A clinical trial is carried out for a new cholesterol-lowering drug. The drug is given to 500 patients and a placebo given to another 500 patients, using random assignment of the patients. How would you estimate the treatment effect of the drug? Suppose that you had data on the weight, age, and gen-der of each patient. Could you use these data to improve your estimate? Explain. Suppose that you had data on the cholesterol levels of each patient before he or she entered the experiment. Could you use these data to improve your estimate? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: How would you estimate the treatment effect of the drug
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