In: Math
Read the passage provided, and then consider the following scenario. A physician is trying to decide whether to prescribe medication for cholesterol reduction in a 45-year-old female patient. The null hypothesis is that the patient’s cholesterol is less than the threshold of treatable hypercholesterolemia. However, a sample of readings over a 2-year time period shows considerable variation, usually below but sometimes above the threshold. Define Type I and Type II error. List the costs of each type of error (in general terms). Who bears the cost of each? How might the patient’s point of view differ from the HMO’s or doctor’s? In what sense is this a business problem? A societal problem? An individual problem?
Ans:
given data:
Here we have to findout the social problem;