A pharmaceutical company needs to know if its new cholesterol drug, Praxor, is effective at lowering cholesterol levels. It believes that people who take Praxor will average a greater decrease in...

A pharmaceutical company needs to know if its new cholesterol drug, Praxor, is effective at lowering cholesterol levels. It believes that people who take Praxor will average a greater decrease in cholesterol level than people taking a placebo. After the experiment is complete, the researchers find that the 44 participants in the treatment group lowered their cholesterol levels by a mean of 18.7 points with a standard deviation of 3.3 points. The 39 participants in the control group lowered their cholesterol levels by a mean of 18.1 points with a standard deviation of 2.1 points. Assume that the population variances are not equal and test the company’s claim at the 0.02 level. Let the treatment group be Population 1 and let the control group be Population 2.