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My example is this: I have been approached by a pharmaceutical company that has developed a new drug, which is supposed to be effective in the treatment of schizophrenia. Before I begin mass-producing the drug, the company wants to be sure that the new drug is more effective than the one they are currently producing. The company has hired me to design a research study to determine the effectiveness of the new drug, in comparison to the old one.
My question is: what type of research design would I use for this study and why? How would I determine the effectiveness of one drug over the other?
Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available.
The dealership would now like some general information based on the entire sample of vehicles. Calculate and explain the following:
Promotion occurs on average every 10 days in a large corporation. What is the probability that the next promotion will occur within:
Employ a four period moving average and determine the forecasted demand for August. Put your answer in the form xx.x with no additional numbers or symbols.
Find the Probability and prove that the given two events are mutually exclusive and independent or not.
Make a decision using the Decision Rule approach at given α = 0.05.
Does your analysis change if the term "average" refers to the mean? To the median? Explain what effect this misinformation might have on the perception of the nation's schools.
Which of these variables are discrete and which are continuous random variables?
Write a brief summary of the distribution of the area of homes.
He (given that) the true proportion of perfect condition items is only 80% what is the probability that the lot will not be shipped?
The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience.
Compute a 95% confidence interval for the average time spent in training per year at this firm. Develop a graph showing the data below as a frequency distribution. Note the mean and the confidence interval on the graph.
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