SCENARIO 9-15 A Drug Company Is Considering Marketing a New Local Anesthetic.The

question 114

Short Answer

SCENARIO 9-15
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 a 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.The company will market the new local anesthetic as being better if there is evidence that the population mean effective time is greater than the 7.4 minutes of the current local anesthetic.
-Referring to Scenario 9-15,if you select a sample of 25 new local anesthetics and are willing to have a level of significance of 0.1,the power of the test is _____ if the population mean effective time is 8 minutes.

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Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning that its use by one person does not reduce its availability to others and no one can be effectively excluded from using it.

Optimal Level

The most favorable balance or degree of any variable or condition for achieving maximum efficiency or effectiveness.

Public Good

A product or service that is available for all people to consume, without being depleted, regardless of who pays for it.

Public Good

Services or products are given freely to all members of society, supplied by either public institutions or private sectors, with no intention to profit.