The currently used medicine is successful for 26% of patients. A new experimental medication is tried on a random sample of 500 patients and is successful for 140 of them. Is the success rate for the new experimental medicine different from 26%? Conduct a hypothesis test with a = 0.01. Be sure to provide answers to the 4-steps of the hypothesis testing technique as presented in class as

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
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The currently used medicine is successful for 26% of patients. A new experimental medication is
tried on a random sample of 500 patients and is successful for 140 of them. Is the success rate for
the new experimental medicine different from 26%? Conduct a hypothesis test with a = 0.01. Be
sure to provide answers to the 4-steps of the hypothesis testing technique as presented in class as
%3!
Transcribed Image Text:The currently used medicine is successful for 26% of patients. A new experimental medication is tried on a random sample of 500 patients and is successful for 140 of them. Is the success rate for the new experimental medicine different from 26%? Conduct a hypothesis test with a = 0.01. Be sure to provide answers to the 4-steps of the hypothesis testing technique as presented in class as %3!
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