MED Drug Company designed a new drug to prevent colds. The company states that this drug is about 95% effective. To test this claim, they chose a sample of 200 subjects and found out that 15 of these subjects caught a cold. Based on these findings, can we reject the company’s claim that the drug is 95% effective? Null Hypothesis (??): Alternative Hypothesis (??): Teststatistic: P-value: Decision: Conclusion

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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MED Drug Company designed a new drug to prevent colds. The company states that this drug is about 95% effective. To test this claim, they chose a sample of 200 subjects and found out that 15 of these subjects caught a cold. Based on these findings, can we reject the company’s claim that the drug is 95% effective?

Null Hypothesis (??):

Alternative Hypothesis (??):

Teststatistic:

P-value:

Decision:

Conclusion:

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