Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4: Pharmaceutical companies promote their prescription drugs using television advertisements. In a survey of 80 randomly selected viewers, 70 viewers indicated that they had not

image text in transcribed 4: Pharmaceutical companies promote their prescription drugs using television advertisements. In a survey of 80 randomly selected viewers, 70 viewers indicated that they had not asked their physician about using the advertised drug. Develop a 95% confidence interval for the proportion of viewers who do discuss a drug seen on TV with their physician. (10 ppl did not. Ask) 10/80 calculate Lower case p, What is p? What statistical distribution (Standard Normal, or Student's t) should be used in this scenario? What is the value of z or t? What is the lower confidence limit? What is the upper confidence limit? Is it reasonable to conclude that 25% of viewers discussed an advertised drug with their physician? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper

2nd canadian edition

133025071, 978-0133519761, 133519767, 978-0133523676, 133523675, 978-0133025071

More Books

Students also viewed these Accounting questions

Question

What are data marts? How do they differ from data warehouses?

Answered: 1 week ago