Use the One-Proportion Z-Test to Perform the Required Hypothesis Test

question 65

Essay

Use the one-proportion z-test to perform the required hypothesis test. Use the P-value approach.
-In a clinical study of an allergy drug, 108 of the 201 subjects reported experiencing significant relief from their symptoms. At the 0.01 significance level, do the data provide sufficient evidence to conclude that more than half of those using the drug experience relief?

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Definitions:

Expected Earnings

The anticipated profit or income generated by an investment or a business activity in a future period.

Disadvantages

The drawbacks or unfavorable aspects associated with a particular decision, action, or strategy.

P/E Ratios

Price-to-Earnings Ratio, a valuation measure comparing the current share price of a company to its per-share earnings, indicating the dollar amount an investor can expect to invest to receive one dollar of the company's earnings.

Valuation

The process of determining the present value of an asset or a company.