Question

Suppose that in Example 12.1 the manufacturer of the new medication feels that the odds are 4 to 1 that with this medication the recovery rate from the disease is 0.90 rather than 0.60. With these odds, what are the probabilities that he will make a wrong decision if he uses the decision function
(a)
(b)
(c)


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  • CreatedNovember 04, 2015
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