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Q1. A drug company is testing a drug intended to increase heart rate. A sample of 100 yielded a mean increase of 1.4 beats per
Q1. A drug company is testing a drug intended to increase heart rate. A sample of 100 yielded a mean increase of 1.4 beats per minute, with a population standard deviation known to be 3.6. Since the company wants to avoid marketing an ineffective drug, it proposes a 0.001 significance level. Furthermore, the Z value at 0.001 is 3.09. Should the company market this Drug? Why or Why not? (15 points) Q1. A drug company is testing a drug intended to increase heart rate. A sample of 100 yielded a mean increase of 1.4 beats per minute, with a population standard deviation known to be 3.6. Since the company wants to avoid marketing an ineffective drug, it proposes a 0.001 significance level. Furthermore, the Z value at 0.001 is 3.09. Should the company market this Drug? Why or Why not? (15 points)
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