Question

In: Statistics and Probability

Suppose you start up a company that has developed a drug that is supposed to increase...

Suppose you start up a company that has developed a drug that is supposed to increase IQ. You know that the standard deviation of IQ in the general population is 15. You test your drug on 36 patients and obtain a mean IQ of 102.96. Using an alpha value of 0.05, is this IQ significantly different than the population mean of 100? (Two Tailed)

  1. State Null and Alternate Hypotheses.
  2. Apply test.
  3. Write your conclusion using critical value approach and p value approach.
  4. Construct a 95% confidence interval to estimate the population mean.  Write and justify your conclusion.

Solutions

Expert Solution

orchestra answered 1 year ago
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