Answered: new medication which they believe will…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

15. A pharmaceutical company is interested in a new medication which they believe will help lower cholesterol. To test the drug, they gather 50 participants and measure their cholesterol levels. They then administer the drug to the participants, wait 30 minutes, and measure their cholesterol levels again. μ₁ represents the average cholesterol level before the drug, μ₂ represents the average cholesterol level after, and μ_d represents the average difference between before and after. Test at a significance level of .05.

b) Suppose that after analyzing the data, we end up with a P-value of .062. What is the appropriate conclusion?

Group of answer choices

Fail to reject H0, there is sufficient evidence to show that the drug lowers cholesterol

Fail to reject H0, there is insufficient evidence to show that the drug lowers cholesterol

Reject H0, there is sufficient evidence to show that the drug lowers cholesterol

Reject H0, there is insufficient evidence to show that the drug lowers cholesterol

Expert Solution