Conclude that new formula and old one are equally effective

Reference no: EM131419930

A company s old antacid formula provided relief for 70% of the people who used it. The company tests a new formula to see if it is better and gets a P-value of 0.27. Is it reasonable to conclude that the new formula and the old one are equally effective? Explain

Reference no: EM131419930

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Conclude that new formula and old one are equally effective : A company s old antacid formula provided relief for 70% of the people who used it. The company tests a new formula to see if it is better and gets a P-value of 0.27. Is it reasonable to conclude that the new formula and the old one are equally ef..

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