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Medical researchers conduct a clinical trial of a new drug designed to lower cholesterol. They determine...

Medical researchers conduct a clinical trial of a new drug designed to lower cholesterol. They determine that there is a 0.27 probability that their results could occur by chance. Based on that probability value

  1. Can chance be ruled out as a reasonable explanation?
  2. Why or why not?
math   Statistics-And-Probability   
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Answer #1

The probability that their results could occur by chance is 0.27. Thus the p-value (probability that the observed difference would happen if the null hypothesis of no difference between new and old drug was true) of the test is 0.27. As, p-value is greater than the significance level of 0.05, the chance will be ruled out as a reasonable explanation that the new drug designed to lower cholesterol.

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