Course Solutions Uncategorized (Solved) : Pharmaceutical Firm Maintains Average Time Drug Take Effect 24 Minutes State Hypotheses Ph Q32477472 . . . .

(Solved) : Pharmaceutical Firm Maintains Average Time Drug Take Effect 24 Minutes State Hypotheses Ph Q32477472 . . . .

 

A pharmaceutical firm maintains that the average time for a drug to take effect is no more than 24 minutes. (a) State the hypotheses if a physician is refuting the pharmaceutical companys claim. (b) In a sample of 19 trials the average time was 25 minutes, with a standard deviation of 2 minutes. Assume that the time for the drug to take effect is normally distributed. Calculate the test statistic and find the p- value. (c) Would you reject HO, or fail to reject H0 at 1% level of significance? (d) What do you conclude about the pharmaceutical companys claim?

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