Question

In: Statistics and Probability

Rearrange each of the following inequalities so that zero is on the right-hand side. a. p1<...

Rearrange each of the following inequalities so that zero is on the right-hand side.

a. p1< p2 b. p1> p2 c. p1/= p2 for C. the line goes through the equals sign.

Suppose the Acme Drug Company develops a new drug, designed to prevent
colds. The company states that the drug is equally effective for men and women.
To test this claim, they choose a random sample of 100 women and 100 men. At
the end of the study, 38% of the women caught a cold; and 51% of the men
caught a cold.
a. Define the appropriate parameter(s) and state the hypotheses for testing if
this study provides evidence that the drug is not equally effective for men
and women.
b. Set each of the hypotheses equal to zero and find the null value.

Solutions

Expert Solution

Given that,
sample one, x1 =38, n1 =100, p1= x1/n1=0.38
sample two, x2 =51, n2 =100, p2= x2/n2=0.51
null, Ho: p1 = p2
alternate, H1: p1 != p2
level of significance, α = 0.05
from standard normal table, two tailed z α/2 =1.96
since our test is two-tailed
reject Ho, if zo < -1.96 OR if zo > 1.96
we use test statistic (z) = (p1-p2)/√(p^q^(1/n1+1/n2))
zo =(0.38-0.51)/sqrt((0.445*0.555(1/100+1/100))
zo =-1.85
| zo | =1.85
critical value
the value of |z α| at los 0.05% is 1.96
we got |zo| =1.85 & | z α | =1.96
make decision
hence value of |zo | < | z α | and here we do not reject Ho
p-value: two tailed ( double the one tail ) - Ha : ( p != -1.8497 ) = 0.0644
hence value of p0.05 < 0.0644,here we do not reject Ho
ANSWERS
---------------
b.
null, Ho: p1 = p2
alternate, H1: p1 != p2
test statistic: -1.85
critical value: -1.96 , 1.96
decision: do not reject Ho
p-value: 0.0644
a.
we do not have enough evidence to support the claim that if
this study provides evidence that the drug is not equally effective for men
and women.


Related Solutions

What is a dummy variable? If we use one on the right-hand side of the equation...
What is a dummy variable? If we use one on the right-hand side of the equation in a multivariate analysis, what are the implications for interpreting the constant?  What is multicollinearity? How do we know if we have it in our models? How do we correct for it if we do?  What is hetereskedasticity? Should we really be concerned about it? Why or why not?
a) Change the right-hand-side value of one of the constraints. Be sure that, the updated tableau...
a) Change the right-hand-side value of one of the constraints. Be sure that, the updated tableau is infeasible, and you are applying Dual Simplex Method. (Find a change that will make the new tableau infeasible.) b) Change the objective function coefficient of one of the decision variables. Be sure that, the updated tableau is non-optimal, and you are applying Simplex Method. (Find a change that will make the new tableau non-optimal.) c) Find the validity range for one of the...
(Weighted average cost of capital—weights) A company has the following right-hand side of its balance sheet:...
(Weighted average cost of capital—weights) A company has the following right-hand side of its balance sheet: Bonds payable = $250,000 Preferred stock (1000 shares) = $100,000 Common stock (200,000 shares) = $400,000 -------------------------------------------------------------- Total Liabilities + Equity = $750,000 Bonds payable are currently priced at 115 (115% of face value) in the market, preferred stock is selling at $70 per share, and common stock is selling at $20 per share. Management has announced that it is targeting a capital structure...
How do we decide that variables to include on the right hand side? List 4 important
How do we decide that variables to include on the right hand side? List 4 important
Which of the following is incorrectly paired ? A) Right hemisphere: controls the right side of...
Which of the following is incorrectly paired ? A) Right hemisphere: controls the right side of the body B) Cerebellum : The location of conscious thought processes and the complex intellectual functions C) Left hemisphere: Responsible for controlling speech D) Corpus callosum : The major pathway of communication between the right and left hemisphere
Your right-hand-side variable is likely correlated with some unobservable characteristics of the people in your sample...
Your right-hand-side variable is likely correlated with some unobservable characteristics of the people in your sample which are important for explaining your left-hand-side variable. You have two potential instruments that you believe might be correlated with your RHS variable but not with the unobservables. What test could you perform to determine if instrumental variables are necessary for consistent estimates? What is the intuition behind this test? What test could you use to check the assumption that your instruments are uncorrelated...
1a. Find the number of ways to rearrange each of the following words a. GUIDE b....
1a. Find the number of ways to rearrange each of the following words a. GUIDE b. SCHOOL c. SALESPERSONS 1b. A handful of 6 jellybeans is drawn from a jar that contains 5 different flavors: blueberry, popcorn, pineapple, apple, lemon. a. What outcome does × × ×| × | | × ×| represent? b. How many ways are there to select a handful of 6 jellybeans from the jar? 1c. How many integer solutions are there to the equation x...
Which of the following amounts would be included on the right side of a balance​ sheet?...
Which of the following amounts would be included on the right side of a balance​ sheet? A. the cash held by the company B. the amount of money owed to the company by customers who have not yet paid for goods and services they have received C. the amount of deferred tax liability held by the company D. the value of government bonds held by the company
For the following z scores, determine whether the tail is on the right or left side...
For the following z scores, determine whether the tail is on the right or left side of the line and find the proportion in the tail. a. z = 2.00 b. z = 0.60 c. z = –1.30 d. z = –0.30
In the right-hand column below, certain financial ratios are listed. To the left of each ratio...
In the right-hand column below, certain financial ratios are listed. To the left of each ratio is a business transaction or event relating to the operating activities of Delta Company (each transaction should be considered independently). Required: Indicate the effect that each business transaction or event would have on the ratio listed opposite to it. State the effect in terms of increase, decrease, or no effect on the ratio involved. In all cases, assume that the current assets exceed the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT