This document discusses bioassays and their use in translational research. It defines bioassays as methods that estimate the potency of an agent by measuring the response it causes in biological subjects. There are two main types of bioassays: direct assays which compare the response of a test preparation to a standard, and indirect assays. For stochastic bioassays, the relationship between stimulus level and response is modeled as a regression model. Estimating the relative potency of a test agent involves finding the dose of a standard preparation that produces the same response. The document also discusses challenges in estimating relative potency precisely when it is defined as a ratio of sample means.