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(b) Modern technology allows researchers at these labs to test several million drugs per year. Suppose that a pharmaceutical firm tested 450,000 drugs last year.

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(b) Modern technology allows researchers at these labs to test several million drugs per year. Suppose that a pharmaceutical firm tested 450,000 drugs last year. Assume that none of the tested drugs produce beneficial results in reality. If each drug was tested separately, how many of these drugs would the hypothesis tests indicate were effective at the a = 0.01 level? Would this cause any problems for the firm

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