A pharmaceutical company is trying to determine if a new drug is more effective than the current standard drug. The company tracks random samples of patients on each drug and calculates the proportion that see an improvement in symptoms after six months. The results of the data collected are shown below:
What are the population parameters?
Pick:
New drug: Successes - 261, Observations - 300, p-hat_1 - 0.870
Old drug: Successes - 419, Observations - 500, p-hat_2 - 0.838
What is the level of significance?
Ex: 0.12
What is the null hypothesis Ho?
Pick:
Confidence Level: 99%
z-score: 1.227
p-value: 0.1094
What is the alternative hypothesis H?
Pick:
Should Ho be rejected or does Ho fail to be rejected?
Pick:
What conclusion can be drawn from the data?
Pick:
Evidence exists to support the claim that more patients on the new drug see improvements in symptoms than patients on the current drug.