Confidence interval

Global Managerial Economics
May 20, 2020
Ethical Issue in Healthcare
May 20, 2020

1. A new drug for migraine headaches has been introduced to the market. You would like to know if migraine patients prefer the old drug or the new drug. So, you sample 190 patients that have used both drugs and you find that 52% of the sampled patients prefer the new drug, 48% of the patients prefer the old drug. Find the 90% confidence limit for the proportion of all patients that prefer the new drug. Can you be 90% confident that a majority of all the patients prefer the new drug?

 

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