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What are the repercussions of such policies

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Question: Type I and Type II error Statistically speaking, we are generally agnostic to which is a bigger problem, type I (false positive) errors or type II (false negative) errors. However, in certain circumstances it may be important to try and put more emphasis on avoiding one or the other. Can you think of an example of where you may want to try harder to avoid one type or another? Can you think of a policy; political, economic, social, or otherwise, that pushes people toward avoiding one type or another? What are the repercussions of such policies?

Reference no: EM132761394

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