Hello Tutor Please provide the answer to the question with detailed explanation possible in about one hour or asap. Thanks

QUESTION:One can easily find the use of statisticseverywhere. However, in view of recent events regarding Novartis cancer-drug patent that was Denied by India Supreme Court (Click here if you did not hear about ithttp://www.bloomberg.com/news/2013-04-01/novartis-cancer-drug-patent-denied-by-india-supreme-court.html), I thought we should explore the role of statistics in healthcare and pharmaceutical industries. The hypothesis testing that we are learning this week is the main tool to test the efficacy of a drug before it is introduced into the market.

How do you think hypothesis testing is used inpharmaceuticalindustry?

How would you go about setting up Ho and Ha?