In previous posts, I have describe in detail what constitutes Type I and Type II errors. This figure, however, conveys the concept much more succinctly.
HT: Marginal Revolution.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Good stuff, Jason.
Hope someone shows to those political “leaders” who keep claiming to have “evidence-based facts.”
Which, of course, conveniently are generated by “think-tanks” compromised of their former subordinates.
What a load.
Your email address will not be published. Required fields are marked *