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

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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  1. 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.    
  2. What does this mean for the potential to use policy incentives to expedite creation of a coronavirus vaccine or treatment?   (please help me, thank you.
P 1
bad drugs
good drugs
Transcribed Image Text:P 1 bad drugs good drugs
reject these drugs | approve these drugs
bad drugs
good drugs
Type I error
Type Il error
T*
Density
Transcribed Image Text:reject these drugs | approve these drugs bad drugs good drugs Type I error Type Il error T* Density
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