Exhibit 11-3
in Order to Determine Whether or Not a Particular

question 87

Multiple Choice

Exhibit 11-3
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.
$\begin{array}{lll}&\text { Patients Cured }&\text { Patients Not Cured }\\\text { Received medication } & 70 & 10 \\\text { Received sugar pills } & 20 & 50\end{array}$ We are interested in determining whether or not the medication was effective in curing the common cold.
-Refer to Exhibit 11-3. The p-value is

• A) less than .005
• B) between .005 and .01
• C) between .01 and .025
• D) between .025 and .05

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Definitions:

Immerses Consumers

The strategy or experience designed to deeply engage customers with a product, brand, or service through immersive and interactive methods.

Cost Leadership

A business strategy aimed at becoming the lowest-cost producer in an industry.

Overhead

Ongoing business expenses not directly tied to creating a product or service but necessary for the business's operation, such as rent, utilities, and administrative costs.

Inventory Management

The process of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell as well as overseeing the quantities of finished products for sale.