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In: Statistics and Probability

A new vaccine developed by Very Bad Drug Corp is about to be distributed en masse...

A new vaccine developed by Very Bad Drug Corp is about to be distributed en masse in a Third World country experiencing an epidemic. The vaccine either does nothing or is effective in preventing the disease. The country's leadership doesn't trust First World drug companies and wishes to avoid making the mistake of "believing the drug works when in fact it does nothing". What sort of mistake is this? If you were in charge would you have any tools at your disposal to reduce the possibility of making this error with your current knowledge?

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Expert Solution

Type I error and level of significance

orchestra answered 9 months ago
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