Exhibit 12-3
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 12-3. The expected frequency of those who received medication and were cured is
Definitions:
Compact Discs
Optical discs used to store digital data, primarily known for storing music recordings in a digitally encoded format.
Surplus
A condition in which the amount of a good offered for sale by producers is greater than the amount that buyers will purchase at the existing price. A decline in price would eliminate the surplus.
Waiting In Line
This concept relates to the experience of standing or waiting in a sequence for services or goods, often analyzed in queue theory.
Price Rationing
The process of distributing goods and services by setting prices so that only those willing and able to pay will obtain them.
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