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A doctor thinks he has found a miraculous cure for rheumatoid arthritis.He thinks it will cure more than 50% of all cases within a year of first taking the drug.To test his drug,he runs a clinical trial on 400 patients with rheumatoid arthritis.He finds that 208 of the patients are symptomfree within a year.
a.Specify the null and alternative hypotheses to determine whether the proportion of patients that are cured by the drug exceeds 50%.
b.Calculate the value of the test statistic,and find the critical value at a 5% significance level.
c.At the 5% significance level,can you conclude that the percentage of patients who are cured by the drug exceeds 50%?
Voluntarily Switching Jobs
The act of an employee choosing to leave one job for another, often for better pay, benefits, or working conditions.
Seasonal Unemployment
Unemployment caused by seasonal changes in the demand for certain kinds of labor.
Official Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, as calculated by government statistics.
Christmas Season
The period leading up to and including Christmas Day, often associated with increased retail activity and festive celebrations.
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