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Big Cure and Little Cure are both pharmaceutical companies.Big Cure presently has a potential "blockbuster" drug before the Food and Drug Administration (FDA)waiting for approval.If approved,Big Cure's blockbuster drug will produce $1 billion in net income for Big Cure.Little Cure has 10 separate less important drugs before the FDA waiting for approval.If approved,each of Little Cure's drugs would produce $100 million in net income for Little Cure.The probability of the FDA approving a drug is 50%.
-Which pharmaceutical company faces less risk?
Null Hypothesis
A statement asserting there is no significant difference or relationship between specified populations, derived from sample data.
Household Income
The combined income of all members of a household, used as a measure of socioeconomic status or to understand economic trends.
High School GPA
A measure of a student's academic achievement in high school, typically calculated as an average of grades.
Y-Intercept
The point where a line crosses the Y-axis on a graph.
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