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Exhibit 11-3
In order to determine whether or not a particular medication was effective in curing the common cold, one group of patients was given the medication, while another group received sugar pills. The results of the study are shown below.
We are interested in determining whether or not the medication was effective in curing the common cold.
-Refer to Exhibit 11-3. The expected frequency of those who received medication and were cured is
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, describing how much individual data points differ from the mean.
Sample Mean
The average of a set of numerical values drawn from a sample of a population, used as an estimate of the population mean.
Margin Of Error
The amount of error that can be tolerated in the results of a poll or survey, indicating the potential deviation from the true population parameter.
Confidence Interval
A spectrum of numbers, extracted from sample observations, presumed to hold the value of a not yet identified population characteristic.
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