company scientist is testing whether the mean level of a toxin in a newly created children’s medicine is less than 5mg, a level which could damage the children taking it. a. If the test were conducted on a sample of 5,000 bottles, explain how the results could give significant results, but still make the company hesitant about making the medicine. b. 5% is a very common significance level for significance tests, but it Is arbitrary. In this case explain what you might change the significance level to and why you would consider changing it.
company scientist is testing whether the mean level of a toxin in a newly created children’s medicine is less than 5mg, a level which could damage the children taking it. a. If the test were conducted on a sample of 5,000 bottles, explain how the results could give significant results, but still make the company hesitant about making the medicine. b. 5% is a very common significance level for significance tests, but it Is arbitrary. In this case explain what you might change the significance level to and why you would consider changing it.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A company scientist is testing whether the
created children’s medicine is less than 5mg, a level which could damage the
children taking it.
a. If the test were conducted on a sample of 5,000 bottles, explain how
the results could give significant results, but still make the company
hesitant about making the medicine.
b. 5% is a very common significance level for significance tests, but it Is
arbitrary. In this case explain what you might change the significance
level to and why you would consider changing it.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman