Assume that the cure rate for a certain drug is 20% and that 15 patients are tested with this drug. Find the following:
a) Mean
b) Standard Deviation
c) P (exactly 4 cures)
d) P (exactly 4 cures)
A snack company distributes chips in bags labeled 6 ounces. The local Bureau of Weights and Measures randomly selects 50 bags of chips and obtains a sample mean of 5.9 ounces. Assuming that the standard deviation is known to be 0.8, test the claim at the .05 significance level that the bags contain less than 6 ounces. Identify the following:
a) The Null Hypothesis
b) Critical Value
c) Test Statistics
d) Your Conclusion regarding the Null Hypothesis
e) Your Statement regarding the claim.