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Provide an Appropriate Response α=0.05\alpha = 0.05

question 23

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Provide an appropriate response.
-To test the effectiveness of a new drug designed to relieve flu symptoms, 200 patients were randomly selected and divided into two equal groups. One group of 100 patients was given a pill containing the drug while the other group of 100 was given a placebo. What can we conclude about the effectiveness of the drug if 62 of those actually taking the drug felt a beneficial effect while 41 of the patients taking the placebo felt a beneficial effect? Use α=0.05\alpha = 0.05 .


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Expansive Industry

An industry experiencing growth and enlargement, encompassing a wide range of activities and services.

Niche Market

A specific, often small segment of the market with unique preferences and needs that may be underserved.

Fast Growth Markets

Economic sectors or regions experiencing rapid expansion and development, often offering significant opportunities for investors and entrepreneurs.

Loyal Customers

Consumers who consistently prefer and choose a particular brand or product over others due to satisfaction, trust, or a positive experience.

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