Think about the recent vaccinations developed for Covid in record time. Do you recall reading about the items above and are they important?Explain
Type I and Type II errors Balancing the Risks of Errors in Hypothesis Testing The U.S. FDA is responsible for approving new drugs. Many consumer groups feel that the approval process is too easy and, therefore, too many drugs are approved that are later found to be unsafe. On the other hand, a number of […]