A clinical trial for a new material used in hip transplant. The existingmaterial has failure rate of 0.02. The manufacturer claims that the newmaterial has lower failure rate.Ho :HaP = 0.02p < 0.02What is the type I error? What is the type II error?● As a patient, do you prefer a clinical trial with a test of largerα = = 0.05 or smaller a = 0.01 ?● As an investor who holds the company's stock, do you prefer a testwith a = 0.05 or a = 0.01 ?

Given: The material has a failure rate of 0.02. The hypothesis is, Null hypothesis H0: p=0.02…

Answered: A clinical trial for a new material…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A research center claims that 31% of adults in a certain country would travel into space on a commercial flight if they could afford it. In a random sample of 800 adults in that country, 33% say that they would travel into space on a commercial flight if they could afford it. At a =0.01, is there enough evidence to reject the research center's claim? Complete parts (a) through (d) below. C No more than % of adults in the country would travel into space on a commercial ight it they could attord it. Let p be the population proportion of successes, where a success is an adult in the country who would travel into space on a commercial flight if they could afford it. State Ho and H Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.) OA Ho: ps OB. Ho: p> OC. Ho: p H p= Ha:p> H ps VE Ho: p= 0.31 O D. Ho: p< OF H: p2 H: p2 H p 0.31 (b) Use technology to find the P-value. Identify the standardized test statistic. z= 1.22…
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