If you were a drug regulator, would you prefer to face the distribution of error from the first or the second image below? Explain why in terms of the minimum amount of Type I and Type II error achievable in each image.     What does this mean for the potential to use policy incentives to expedite creation of a coronavirus vaccine or treatment?   (please help me, thank yo

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.