The Hydronics Company is in the business of developing health supplements. Recently, the companys research and development

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The Hydronics Company is in the business of developing health supplements. Recently, the company’s research and development department came up with two weight-loss products that included products produced by Hydronics. To determine whether these products are effective, the company has conducted a test. A total of 300 people who were 30 pounds or more overweight were recruited to participate in the study. Of these, 100 people were given a placebo supplement, 100 people were given product 1, and 100 people were given product 2. As might be expected, some people dropped out of the study before the four-week study period was completed. The weight loss (or gain) for each individual is listed in the data file called Hydronics. Note, positive values indicate that the individual actually gained weight during the study period.
a. Develop a frequency histogram for the weight loss (or gain) for those people on product 1. Does it appear from this graph that weight loss is approximately normally distributed?
b. Referring to part a, assuming that a normal distribution does apply, compute the mean and standard deviation weight loss for the product 1 subjects.
c. Referring to parts a and b, assume that the weight-change distribution for product 1 users is normally distributed and that the sample mean and standard deviation are used to directly represent the population mean and standard deviation. What is the probability that a plan 1 user will lose over 12 pounds in a four-week period?
d. Referring to your answer in part c, would it be appropriate for the company to claim that plan 1 users can expect to lose as much as 12 pounds in four weeks? Discuss.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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