### Clinical Trial Analysis: Estimating Proportion for Side EffectsIn a clinical trial, 50 patients who received a new medication are randomly selected. It was found that 10 of them suffered serious side effects from this new medication. Let \( p \) denote the population proportion of patients who suffered serious side effects from this new medication.#### Find a Point Estimate for \( p \):\[ \boxed{\text{}} \]#### Construct a 95% Confidence Interval for \( p \):\[ ( \boxed{\text{}} , \boxed{\text{}} ) \](Write down all the digits you have from the calculator)### Explanation:This exercise involves determining the point estimate for the proportion \( p \) and constructing a 95% confidence interval for \( p \). The point estimate provides a single best guess of the population proportion \( p \), while the confidence interval offers a range of values within which \( p \) is likely to fall, with a specified level of confidence (in this case, 95%).When calculating these intervals, make sure to include all significant figures as provided by the calculator to ensure precise statistical reporting.

It is given that Sample size, n = 50 Favourable cases, X = 10 Sample proportion, p^ = X/n = 10/50…

Answered: Find a point estimate for p. Construct…

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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Find a point estimate for p. Construct a 95% confidence interval for p: (