Discuss the risks of errors in hypothesis testing

Assignment Help Other Subject

Reference no: EM133544314

Discussion Post: 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 industry lobbyists have pushed for a more lenient approval process so that pharmaceutical companies can get new drugs approved more easily and quickly. This is from an article in the Wall Street Journal. Consider a null hypothesis that a new, unapproved drug is unsafe and an alternative hypothesis that a new, unapproved drug is safe.

Reference no: EM133544314

Questions Cloud

What aspects of leadership were missing : What aspects of leadership were missing? Describe how they used power and their authority to succeed. How might that leader have viewed our present world?

Identify potential risks associated with companys business : Risk Assessment: Identify potential risks associated with the company's global business operations, including cultural, legal, and economic risks.

What factor beyond pricing might impact customer willingness : What factors beyond pricing might impact customer willingness to pay? How can these be factored into more complex pricing models

Suggest one or more additional practices your colleague use : Suggest one or more additional practices your colleague could use as a manager to promote effective, positive, and inclusive teams.

Discuss the risks of errors in hypothesis testing : Discuss 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.

Innovative or disrupts the status quo : What will IUD insert/removal, Suture removal, and Joint injections bring to McLean County, Illinois, that is innovative or disrupts the status quo?

Describe a plan to support leaders with social justice : Develop and describe a plan to support leaders with social justice and DEI implementation within your current or future school context.

Nephron structure and function : Nephrons are the functional units of the kidneys. Create a concept map outlining the structure of the nephrons on Padlet.

Have any of the provisions of the work health : OCHS12015 Occupational Health and Safety Law, Central Queensland University, Have any of the provisions of the Work Health and Safety Act been breached?

User Account

All Pages