Explain what a type i and type ii error

Assignment Help Business Economics
Reference no: EM132124236

A medical researcher is interested in determining whether a new medication for lung cancer is effective in a group of patients with early-stage disease. Explain what a Type I and Type II error would be in this study. (Be sure to state your answer in terms of the variables of this particular study.)

Reference no: EM132124236

Questions Cloud

Data in a graphic presentation beneficial : What are some ways being able to visually see data in a graphic presentation beneficial?
What are consequences of not looking at various perspectives : What are the consequences of not looking at various perspectives and the interests of other people involved, while making a responsible ethical decision?
What is the corresponding ppm : Specification limits for hardness are from 35 to 45. When the fraction defective is 0.0017 what is the corresponding PPM?
Can society put an end to the lemons problems : Car warranties help eliminate a lemons problem but can also create moral hazard. Can society put an end to the lemons problems by requiring that all sellers.
Explain what a type i and type ii error : Explain what a Type I and Type II error would be in this study. (Be sure to state your answer in terms of the variables of this particular study.)
How much time would you expect the customer to wait in line : In how much time would you expect the customer to wait in line, pay with the debit card, and leave?
What might the have to do with the winner curse : Married people occasionally report that they are less happy with their spouses than they expected to be before marriage. What might this have to do with the win
Mutually exclusive and collectively exhaustive : Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D)?
Calculate the percentage utilization of graduate student : Calculate the percentage utilization of the graduate student. Calculate the average time in the system.

Reviews

Write a Review

Business Economics Questions & Answers

  Which causes negative externality

Consider two ways to protect your car from theft. The Club ( a steering wheel lock) makes it difficult for a car thief to take your car. Lojack (a tracking system) makes it easier for the police to catch the car theif who has stolen it. Which of the ..

  Choosing a credit card

It is almost impossible to survive without some type of credit card? Does anyone have advice on making wise decisions when choosing a credit card?

  Money demand and money supply curves shift leftward

If the money demand and money supply curves shift leftward, we can conclude that the equilibrium:

  Consumption and government purchases

If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.

  What is the intuition behind the aggregate demand

What is the intuition behind the Aggregate Demand (AD curve) being downward sloping in Macroeconomics?

  Problem regarding the cost-benefit analysis

a) Compare the real worth, rather than the market values, of various goods and services. b) Compare the relative desirability of alternative distributions.

  Optimal input mix of steel and aluminum

What is the optimal input mix of steel and aluminum? What will be its optimal output, revenues cost, and profits?

  Price volatility and role of speculators

What is the impact of each problem or risk on oil and gas companies and how to solve these problems ((the solution)) and what is the opportunities of each them? Rising emerging market demand. Price volatility and role of speculators.

  Describe each market structure discussed in the course

Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.

  Treasury bond falls below the current one-year bond yield

Suppose that the current yield for a 20-year Treasury bond falls below the current one-year bond yield. Which of the following is true regarding the segmented markets theory of the term structure of interest rates in this case?

  What does a sensitivity analysis of npv

Suppose the cash flows are perpetuities and the cost of capital is 10%. What does a sensitivity analysis of NPV (no taxes) show?

  Increase in government expenditure on the budget balance

What is likely to be the effect of such increase in government expenditure on the budget balance for the government and on national debt if there are no other policy changes?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd