Question: The Resolve Pharmaceutical Company claims its new formulation for its over-the-counter sinus medication is faster acting than its original formulation. Before, people who took the medication felt substantial relief in µ = 31.8 minutes. A sample of 23 people who were given the new formulation felt substantial relief in x = 30.6 minutes with a standard deviation of s = 4.3 minutes. Does the data indicate that mean amount of time to feel substantial relief for the new formulation is less than the old formulation? Use a 1% significance level.

H0: \(\mu \ge 31.8\)

H1: \(\mu <31.8\)

\(\alpha \) = 0.0 1

Test Statistic -1. 3 384

P-value: 0.0972

Decision on H0: Fail to reject Ho

Interpretation: We don't have enough evidence to support the claim that the mean amount of time to feel substantial relief for the new formulation is less than the old formulation.

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Deliverable: Word Document