Assignment:
A pharmaceutical manufacturer has come up with a new drug intended to provide greater headache relief than the old formula. Of 250 patients treated with the previous medication, 130 reported “fast relief from headache pain.” Of 200 individuals treated with the new formula, 128 said they got “fast relief.” At the 0.05 level, can we conclude that the new formula is better than the old? Using the appropriate statistical table, what is the approximate p-value for this test?
Provide complete and step by step solution for the question and show calculations and use formulas.