Report a p-value for the following hypothesis test. The new drug cured 5 out of 5 patients. Does this sample provide sufficient evidence that in the long run the cure rate of the new drug is likely to be better than the 60% cure rate of the old drug? Test Ho: p = 0.6. New drug is no better than the old. Versus Ha: p> 0.6. New drug is better than the old. (Write your answer as a decimal).

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Report a p-value for the following hypothesis test.
The new drug cured 5 out of 5 patients. Does this sample provide sufficient evidence that in
the long run the cure rate of the new drug is likely to be better than the 60% cure rate of
the old drug?
Test
Ho: p = 0.6. New drug is no better than the old.
Versus Ha: p> 0.6. New drug is better than the old.
(Write your answer as a decimal).
Transcribed Image Text:Report a p-value for the following hypothesis test. The new drug cured 5 out of 5 patients. Does this sample provide sufficient evidence that in the long run the cure rate of the new drug is likely to be better than the 60% cure rate of the old drug? Test Ho: p = 0.6. New drug is no better than the old. Versus Ha: p> 0.6. New drug is better than the old. (Write your answer as a decimal).
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