Question

Use the following scenario to the answer the next four questions. A research article reports the...

Use the following scenario to the answer the next four questions.
A research article reports the results of a new drug test. The drug is hypothesized to decrease vision loss in people with macular degeneration more effectively than the current treatment. The article reports a p-value of 0.04 in the analysis section.

Indicate whether the following interpretation is a valid or invalid interpretation of this p-value.

We conclude that the new drug is not effective because there is only a .04 probability that the drug is more effective than the current treatment. (VALID OR INVALID)

We conclude that the new drug is effective because results like they found, or results even more favorable to the new drug, would only happen 4% of the time if the drug was not effective. (VALID OR INVALID)

We conclude that the new drug is effective because there is only a 4% chance that it’s not (VALID OR INVALID)

Homework Answers

Answer #1

We conclude that the new drug is effective because there is only a 4% chance that it’s not VALID

We compare p-value with the level of significance. If the p value is greater than the level of significance then we accept the null hypothesis otherwise reject it. A small p value thus presents a strong evidence against the null hypothesis.

Out of all statements the above makes the most sense.

Please let me know in comments if anything is not clear. Will reply ASAP. Please do upvote if satisfied!!

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use the following information to answer questions 4 through 6. A clinical trial is conducted to...
Use the following information to answer questions 4 through 6. A clinical trial is conducted to test a new eye treatment, interferon-a, on its efficacy to slow down age-related vision loss. The currently used medicine is found to be effective on 30 percent of all the patients. Scientists believe that interferon-a could have better performance than that. In other words, scientists believe interferon-a will be effective on a larger percentage of patients than the current treatment, and they are able...
I need to answer the questions based on the following article The article is Although the...
I need to answer the questions based on the following article The article is Although the virus has delayed the budget until October, Treasurer Josh Frydenberg will deliver an update on the budget and – more importantly – the economy, within the next fortnight. But last week the secretary to the Treasury dropped some big hints on what to expect. In evidence to the Senate committee inquiring into the response to the virus, Dr Steven Kennedy started with the outlook...
Read the following case carefully and then answer the questions. In the movie Face/Off, John Travolta...
Read the following case carefully and then answer the questions. In the movie Face/Off, John Travolta got a new look by exchanging faces with Nicolas Cage. Unfortunately, he got a lot of trouble along with it. John could receive a much less troublesome new look by using Botox, a treatment discovered by Vancouver’s Dr. Jean Carruthers, who came upon the cosmetic potential of Botox in 1982 while treating a woman with eye spasms. Botox is marketed by Allergan, a specialty...
Summarize the article and answer the following questions in your answer: 1. What specific metrics are...
Summarize the article and answer the following questions in your answer: 1. What specific metrics are being used? 2. What value is the company getting from using this data? Over the past three-plus weeks, the situation has snowballed. Facebook CEO Mark Zuckerberg was in Washington this week to testify before Congress. Meanwhile, the number of accounts affected has risen to 87 million from initial reports of 50 million. Separately, Facebook said it was purging pages linked to a Russian troll...
Please read the article and answer these questions. Thanks. Article: TESTING THE GLOBAL CENTRAL BANK SWAP...
Please read the article and answer these questions. Thanks. Article: TESTING THE GLOBAL CENTRAL BANK SWAP NETWORK In the last few weeks, the ECB has been drawing on its liquidity swap line with the Fed, first $308 million for a week, then $658 million for a week, and last week back down to $358 million. What’s that about? It’s not such a large amount. Bank of Japan borrowed more in the past, $810 million in March and $1528 million in...
Please read the article below, and answer the questions that follow. In doing so, remember the...
Please read the article below, and answer the questions that follow. In doing so, remember the following, - Although the use of generic theories, covered in class/your module guide/text book will provide a framework, the expectation for the student is to be able to discuss it in context with research relevant to South Africa and your own reflective experiences. - You are required to extensively research current South African trends, amidst our changing political landscape and benchmarked against a global...
READ THE ARTICLE AND ANSWER THIS QUESTION Does it appear to you as appropriate to ban...
READ THE ARTICLE AND ANSWER THIS QUESTION Does it appear to you as appropriate to ban prostitution in Nevada, or is there a more effective alternative possible? MOUND HOUSE, Nev. -- Nevada's legal brothels have a new adversary: the #MeToo movement. A coalition of women's advocacy groups in Nevada has undertaken referendum initiatives against legal prostitution in Lyon and Nye counties, opposite corners of the state that are home to about half of the state's brothels. Lyon County commissioners voted...
URGENT!! 6 Multiple Choice Questions with the correct answers from the article below. Authenticity has become...
URGENT!! 6 Multiple Choice Questions with the correct answers from the article below. Authenticity has become the gold standard for leadership. But a simplistic understanding of what it means can hinder your growth and limit your impact. Consider Cynthia, a general manager in a health care organization. Her promotion into that role increased her direct reports 10-fold and expanded the range of businesses she oversaw—and she felt a little shaky about making such a big leap. A strong believer in...
Please answer below questions in brief after reading the below article What makes the study of...
Please answer below questions in brief after reading the below article What makes the study of strategic management so interesting? Things can change so rapidly! Some start-ups can disrupt industries and become globally recognized names in just a few years. The rankings of the world’s most valuable firms can dramatically change in a rather brief period of time. On the other hand, many impressive, high-flying firms can struggle to reclaim past glory or even fail. Recall just four that begin...
Read the attached article about the acquisition of Time Warner by AT&T and answer the following...
Read the attached article about the acquisition of Time Warner by AT&T and answer the following questions; What in your estimation is the strategic aim for AT&T? What is the strategy being pursued, what evidence supports your position, and does it make sense for AT&T to pursue this strategy? Given what you know about merger and acquisition success and failure, will this be a successful acquisition? Why or why not? MUST reference and cite the relevant sections the Strategic Options...