Question
A new medication just entered the drug market that alleges it has lower rates of side effects, stating that only 5% experience side effects. Suppose
A new medication just entered the drug market that alleges it has lower rates of side effects, stating that only 5% experience side effects. Suppose we follow the first 25 people who are taking this medication (n=25), use this sample to answer the following questions: a) If the random variable X represents the number of people experiencing any side effects, what distribution does X follow? b) What is the likelihood of 1 person experiencing side effects? c) What is the likelihood of at most 5 people experiencing side effects? d) What is the likelihood of 5 or more people experiencing side effects? e) What is the probability of 4 people experiencing side effects?
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