This week we are learning about setting a criteria for making a decision based on the...

This week we are learning about setting a criteria for making a decision based on the evidence that is presented. Whenever we make a decision, there is a chance that we are wrong. Convention in Psychology is to accept a 5% risk of being wrong. Do you think that is too high of a risk to take? Why? What costs are there if we are to lower the risk to 1%?

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orchestra answered 1 year ago

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