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This my discussion question:
Suppose that the mean time to relief for a standard drug for treating migraines is 2.8 hours. A new drug is proposed to help treat migraine. In a controlled study, 60 patients who suffer from migraines are given the new drug upon the start of their next migraine attack and the mean time to relief was 2.63 hours with standard deviation of 0.9 hours. Does this indicate at the 5% significance level that the new drug reduces the mean time to relief treating migraines?
This is what I got:
Step 1: Ho μ = 2.8
Ha μ < 2.8
Step 2: t = -1.89
Step 3: p-value = 0.0309
What and how do I determine Step 4 my conclusion and did get the other steps correct?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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