Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
Tneary Tneary
wrote...
Posts: 463
Rep: 9 0
4 years ago
A pharmaceutical company has a drug they think is better at lowering blood pressure than the current medication, but it costs more money for consumers. They conduct a significance test on their clinical study (H0: The new drug works the same as the old drug, Ha: The new drug works better than the old drug.) Which statement about errors is correct?

▸ A Type I error means people keep using the old drug when a new drug works better.

▸ A Type I error means people pay more money for a drug that doesn't work better.

▸ If they fail to reject the null hypothesis, they might be committing a Type I error.

▸ A Type II error would mean that they did not use randomization in their experiment.

▸ If they reject the null hypothesis, it is possible that they are rejecting a Type II error.
Textbook 
Stats: Modeling the World

Stats: Modeling the World


Edition: 4th
Authors:
Read 84 times
2 Replies
Replies
Answer verified by a subject expert
krobdancekrobdance
wrote...
Posts: 396
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tneary Author
wrote...
4 years ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  930 People Browsing
Related Images
  
 1792
  
 252
  
 192