Based on past record of a pharmaceutical company, the cure rates for a standard medication in treating a particular ailment is ten percent. After five years, the company has produced a new medication. The hired pharmacist in the company claims that the new medication produced by the company is effective in treating a particular ailment compared to a standard medication. In a simple random sample of two hundred subjects who took the new medication, it was found that sixty subjects are uncured. Meanwhile, one hundred and eighty subjects are completely cured from three hundred subjects who took the standard medication. Given that the 97.8% confidence interval for the cure rates of the standard medication is (0.5352, 0.6648)
Based on past record of a pharmaceutical company, the cure rates for a standard
medication in treating a particular ailment is ten percent. After five years, the
company has produced a new medication. The hired pharmacist in the company
claims that the new medication produced by the company is effective in treating a
particular ailment compared to a standard medication. In a simple random
sample of two hundred subjects who took the new medication, it was found that
sixty subjects are uncured. Meanwhile, one hundred and eighty subjects are
completely cured from three hundred subjects who took the standard medication.
Given that the 97.8% confidence interval for the cure rates of the standard
medication is (0.5352, 0.6648). Can we conclude that the cure rates of the
standard medication do not change from the past record?
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