sample data ane and con A drug is used to help prevent blood clots in certain pati confidence interval for the proportion of adverse reaction

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
Section: Chapter Questions
Problem 27RQSC
icon
Related questions
Question
100%
Use the sample data and confidence level given below to complete parts (a) through (d).
A drug is used to help prevent blood clots in cortain patients. In olinical trials, among 4202 patienta treated with the drug, 120 developed the adverse reaction of nausea. Construct a 96%
confidence interval for the proportion of adverse reactions
a) Find the best point estimate of the population proportion p.
(Round to three decimal places as needed.)
Transcribed Image Text:Use the sample data and confidence level given below to complete parts (a) through (d). A drug is used to help prevent blood clots in cortain patients. In olinical trials, among 4202 patienta treated with the drug, 120 developed the adverse reaction of nausea. Construct a 96% confidence interval for the proportion of adverse reactions a) Find the best point estimate of the population proportion p. (Round to three decimal places as needed.)
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Audit Sampling
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Essentials of Business Analytics (MindTap Course …
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning