Four different brands of a pain medication

Assignment Help Accounting Basics
Reference no: EM13926823

Part I. Chi-Square Goodness of Fit Test (equal frequencies)

Four different brands of a pain medication used for chronic back ailments were tested to see if the number of side effects for each brand were the same. The table below lists the results of the reported number of side effects for each brand of pain medication.

Brand A
Brand B
Brand C
Brand D
23
17
33
11

[Hint: Be sure to watch the helper video available on the "Chi-Square Goodness-of-Fit test (equal frequencies)" before attempting this problem. Instructions for performing this test in STATDISK can be found in the Statdisk User Manual.]

Instructions
Answers
1. Use the Chi-Square Goodness-of-Fit test to see if there is a difference between the number of side effects from the different brands of medication. Use a significance level of .01.
Paste results here.

2. What are we trying to show here?
We are trying to check whether the side effects for all brands are same.
So, hypotheses to test the above objective are set as follows:
Null: The number of side effects of pain medicine are same for all four brands.
Alternative: The number of side effects of pain medicine are not same for all four brands.

3. What is the p-value and what does it represent in the context of this problem?
From the output, the P-vlue = 0.0057
Since the P-value is less than the significance level, 0.01, reject the null hypotheses.

4. State in your own words what the results of this Goodness-of-fit test tells us.
Hence, it can be concluded that there is not sufficient evidence to support the claim that the number of side effects are not same for all medicines.

5. Repeat the above procedure using only Brands A, B, and D. Paste results here.

6. Do you get a different result?
Yes, the results in this case are completely different compared to previous conclusion.

In this case, the P-value is 0.1203 which is higher than the significance level. Therefore, do not reject the null hypothesis.
Hence, it can be concluded that there is sufficient evidence to support the claim that the number of side effects are same for all medicines

Reference no: EM13926823

Questions Cloud

Show that a tree without a vertex of degree : Prove Theorem 1.5.1. Theorem 1.5.1. The following assertions are equivalent for a graph T: Show that every tree T has at least ?(T) leaves.Show that a tree without a vertex of degree 2 has more leaves than other vertices. Can you find a very short pr..
Category of cabling-best practice for a telephone cable : What category of UTP cabling is the minimum for a telephone cable? What category of cabling should be installed as a best practice for a telephone cable?
Ratings and comments from customers : When new product ideas are chosen based on ratings and comments from customers, this process is called ______.
Analyze the factors that are impacting certain races : Pick two of the top 10 diseases and analyze the factors that are impacting certain races and countries to be vulnerable to these diseases
Four different brands of a pain medication : Four different brands of a pain medication used for chronic back ailments were tested to see if the number of side effects for each brand were the same. The table below lists the results of the reported number of side effects for each brand of pa..
What institution are primary supplier of business term loans : What institutions are the primary suppliers of business term loans? Define the following: A conditional sales contract and A chattel mortgage.
Approximate signal level of the noise floor : 1. There are three patterns outlined on the screen which one of these is identifying the noise floor? 2. What is the approximate signal level of the noise floor?
Receivables are frequently classified as : 1. Receivables are frequently classified as: Buehler Company on June 15 sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20, Chaz Co. returns merchandise worth $300 to Buehler Company. On June 24, payment is received f..
What is the net advantage of leasing in the given case : PepsiCo is planning to acquire a fleet of trucks to support its new Pepsi Express distribution system in the Omaha area. What is the net advantage of leasing in this case? What should PepsiCo do?

Reviews

Write a Review

Accounting Basics Questions & Answers

  A commercial storage building in service

A commercial storage building in service.

  The francisco company experienced financial difficulties

On June 1, 2010, the Hansen Company purchased ten $1,000 Francisco Company bonds at par and classified them as held to maturity.

  What are the unique evidence challenges for accounts

What are the unique evidence challenges for accounts such as allowance for doubtful accounts? How is professional skepticism helpful when testing this type of account?

  Flamingo company sold 1000000 of 8 10-year bonds at 103 on

flamingo company sold 1000000 of 8 10-year bonds at 103 on january 1 2014. the bonds were dated january 1 2014 and pay

  Bravo baking co is considering replacing an older freezer

bravo baking co is considering replacing an older freezer with a larger unit to freeze some of its bread.the new unit

  Preparing the financial statements

R.E.C. Inc.'s staff of accountants finished preparing the financial statements for 2010 and will meet next week with the company's CEO as well as the Director of Investor Relations and representatives from the marketing and art departments to desi..

  What should your company record as a gain from the sale

assume your company just sold a mainframe computer. The computer originally cost $300,000 and had accumulated depreciation of $100,000 on the date of the sale. Instead of the buyer paying cash, she gave you a $400,000 noninterest-bearing note due ..

  The firm is able to keep all other expenses the same once

profitability ratios dr.zhivago diagnostics corp. income statements for 2010 is as follows sales 2000000 cost of goods

  Harrel company acquired a patent on an oil extraction

harrel company acquired a patent on an oil extraction technique on january 1 2010 for 5000000. it was expected to have

  During 2010 jat company purchased trading securities as a

during 2010 jat company purchased trading securities as a short-term investment. the costs of the securities and their

  Adjusting entry at the end of the accounting period

Miranda Company borrowed $100,000 cash on September 1, 2007, andsigned a one-year 6%, interest-bearing note payable. The required adjusting entry at the end of the accounting period, December 31,2007, would be

  Prepare the appropriate general journal entry to record

Carpenter Gems began the year with a net pension liability of $84 million (underfunded pension plan). Prepare the appropriate general journal entry to record Carpenter's pension expense.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd