SCENARIO 9-4 A Drug Company Is Considering Marketing a New Local Anesthetic.The

question 83

True/False

SCENARIO 9-4
A drug company is considering marketing a new local anesthetic.The effective time of the anesthetic the drug company is currently producing has a normal distribution with an mean of
7.4 minutes with a standard deviation of 1.2 minutes.The chemistry of the new anesthetic is such that the effective time should be normally distributed with the same standard deviation,but the mean effective time may be lower.If it is lower,the drug company will market the new anesthetic;otherwise,they will continue to produce the older one.A sample of size 36 results in a sample mean of 7.1.A hypothesis test will be done to help make the decision.
-Referring to Scenario 9-4,if the level of significance had been chosen as 0.05,the null hypothesis would be rejected.

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Definitions:

Structural Equation Modelling

A statistical technique that examines complex relationships among variables by testing theoretical models.

Outcome Variables

Variables that represent the result of the operation of one or more factors on a specific condition, often used in experimental and observational research.

Theoretical Model

A conceptual framework that outlines the presumed relationships between variables and is used to guide research and practice in various fields.

Nominal Group Technique

A structured form of group meeting that seeks to achieve a consensus of expert opinion on a particular topic.