A pharmeceutical company tests the effectiveness of a new drug used to treat migraines. The company identifieds 500 females ages 25 to 45 years old who experience migraines. They are randomly assigned into two groups, each of size 250. One group is given the drug, the other group is given a pill that looks identical to the drug pill but is inert (doesn't do anything to the body). The prescribing doctors do not know which patients receives the drug and which patients receive the inert pill. At the end of the study, 62% of women who received the drug experienced reduced symptoms, whereas 24% of women who received the inert pill experienced fewer symptoms. From this, the company concluded that 62% the drug has a 62% chance of improving symptoms for women aged 25-45 with migraine. is the number 62% a parameter or statistic?
A pharmeceutical company tests the effectiveness of a new drug used to treat migraines. The company identifieds 500 females ages 25 to 45 years old who experience migraines. They are randomly assigned into two groups, each of size 250. One group is given the drug, the other group is given a pill that looks identical to the drug pill but is inert (doesn't do anything to the body). The prescribing doctors do not know which patients receives the drug and which patients receive the inert pill. At the end of the study, 62% of women who received the drug experienced reduced symptoms, whereas 24% of women who received the inert pill experienced fewer symptoms. From this, the company concluded that 62% the drug has a 62% chance of improving symptoms for women aged 25-45 with migraine.
is the number 62% a parameter or statistic?
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