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A clinical trial is conducted comparing a new pain reliever for arthritis to a placebo. Participants are randomly assigned to receive the new treatment or a placebo. The outcome is pain relief within 30 minutes. The data are shown in table:
Pain relief no Pain relief New medication 44 76Placebo 21 99
Is there a significant difference in the proportions of patients reporting pain relief?
Run the test at a 5% level of significance.
N=120, population standard deviation is (known) 5, alpha =.05, standard error of the mean (sigma of xbar)= .46, h0 is rejected if xbar
An airline owns an aging fleet of Boeing 737 jet airplanes. It is considering a major purchase of up to 17 new Boeing model 757 and 767 jets.
Assume that the same sample mean was obtained from a sample of 120 items. Provide a 95% confidence interval for the population mean (to 2 decimals).
Construct a 99% confidence interval for the average length of usage time to recharge.
How could the Central Limit Theorem apply in making a business decision? Try to provide an example from your current or future career.
Take your data and arrange it in the order you collected it. Count the total number of observations you have, and label this number N. Then create another set of data starting from one and increasing by one until you reach N.
What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?
The hypotheses for this scenario are as follows: Null Hypothesis: μ ≤ 21.61, Alternative Hypothesis: μ > 21.61. You perform a one sample mean hypothesis test on a random sample of data and observe a p-value of 0.0095. What is the appropriate concl..
Which test should we use to determine whether the difference between Mesa and Tempe is statistically significant? Why? Should it be one or two-tailed?
Does lovastatin (a cholesterol-lowing drug) reduce the risk of heart attack? In a Texas study, researchers gave lovastatin to 2,325 people and an inactive substitute to 2,081 people (average age 58). After 5 years, 57 of the lovastatin group had s..
You've two separate sets of data. From one set you calculate the standard error to be 500. From the other set, the standard error was 5.
A survey for Hotels asked respondents "When traveling internationally, do you generally venture out on your own to experience culture, or stick with your tour group and itineraries?" The survey found that 23% of the respondents stick with their t..
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