Yes, it is a probability related question
1750. You use proportions and 350 times 5= 1750
Answer: $11,970
Step-by-step explanation: 10,000 + (1) 7.00% = 11,970
Considering the hypothesis tested and the p-value of the test, the correct option is given by:
There is sufficient evidence that there is a difference in mean cholesterol level when using medicine X and medicine Y.
<h3>What are the hypothesis tested?</h3>
At the null hypothesis, it is tested if there is no difference between the cholesterol levels, that is:
H₀:Hₓ-H
At the alternative hypothesis it is tested if there is a difference, hence:
H₀:Hₓ-H≠0
The p-value is of 0.003 < 0.01, hence we reject the null hypothesis and conclude that there has was a difference, hence the correct option is given by:
There is sufficient evidence that there is a difference in mean cholesterol level when using medicine X and medicine Y.
More can be learned about hypothesis tests at brainly.com/question/26454209
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