2. Pharmaceutical companies spend billions of dollars per year on research and development of new drugs. The pharmaceutical company must subject each new drug to lengthy and involved testing before receiving the necessary permission from the Food and Drug Administration (FDA) to market the drug. The FDA's policy is that the phar- maceutical company must provide substantial evidence that a new drug is safe prior to receiving FDA approval, so that the FDA can confidently certify the safety of the drug to potential consumers. (a) If the new drug testing were to be placed in a test of hypothesis framework, would the null hypothesis be that the drug is safe or unsafe? The alternative hypothesis? (In an actual test, "safety" could be quantified using population parameters; Problem 7 is a conceptual exercise.) Fill in the blanks below. The null hypothesis would be that the drug is be that the drug is and the alternative hypothesis would (b) Given the choice of null and alternative hypotheses in part (a), describe the Type I and Type II errors in terms of this application. Define a and 3 in terms of this application. Fill in the blanks below. The Type I error for this problem would be to conclude that the drug is when the drug
2. Pharmaceutical companies spend billions of dollars per year on research and development of new drugs. The pharmaceutical company must subject each new drug to lengthy and involved testing before receiving the necessary permission from the Food and Drug Administration (FDA) to market the drug. The FDA's policy is that the phar- maceutical company must provide substantial evidence that a new drug is safe prior to receiving FDA approval, so that the FDA can confidently certify the safety of the drug to potential consumers. (a) If the new drug testing were to be placed in a test of hypothesis framework, would the null hypothesis be that the drug is safe or unsafe? The alternative hypothesis? (In an actual test, "safety" could be quantified using population parameters; Problem 7 is a conceptual exercise.) Fill in the blanks below. The null hypothesis would be that the drug is be that the drug is and the alternative hypothesis would (b) Given the choice of null and alternative hypotheses in part (a), describe the Type I and Type II errors in terms of this application. Define a and 3 in terms of this application. Fill in the blanks below. The Type I error for this problem would be to conclude that the drug is when the drug
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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