Many consumers are turning to generics as a way of
Chapter 8, Problem 8.55(choose chapter or problem)
Many consumers are turning to generics as a way of reducing the cost of prescription medications. The article Commercial Information on Drugs: Confusing to the Physician? (J. of Drug Issues, 1988: 245257) gives the results of a survey of 102 doctors. Only 47 of those surveyed knew the generic name for the drug methadone. Does this provide strong evidence for concluding that fewer than half of all physicians know the generic name for methadone? Carry out a test of hypotheses using a significance level of .01 using the P-value method.
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