You are researching a newly developed drug that you believe has better efficacy than the standard treatment on the market. The standard drug is effective at relieving symptoms in 70% of affected patients. You administer the new drug to a random sample of 50 patients and find that the p-value of your hypothesis test is 0.02. a. There is a 2% chance that you commit a Type 1 error. b. There is a 2% chance that the null hypothesis is true and a 98% chance that the alternative hypothesis is true. c. The test is statistically significant at α=0.01α=0.01 but not statistically significant at α=0.05α=0.05. d. The observed response or greater would only happen by chance 2% of the time if the new drug performs just as well as the standard drug. e. The observed response or less would only happen by chance 2% of the time if the new drug performs just as well as the standard drug.
You are researching a newly developed drug that you believe has better efficacy than the standard treatment on the market. The standard drug is effective at relieving symptoms in 70% of affected patients. You administer the new drug to a random sample of 50 patients and find that the p-value of your hypothesis test is 0.02.
a. There is a 2% chance that you commit a Type 1 error.
b. There is a 2% chance that the null hypothesis is true and a 98% chance that the alternative hypothesis is true.
c. The test is statistically significant at α=0.01α=0.01 but not statistically significant at α=0.05α=0.05.
d. The observed response or greater would only happen by chance 2% of the time if the new drug performs just as well as the standard drug.
e. The observed response or less would only happen by chance 2% of the time if the new drug performs just as well as the standard drug.
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