Question: Importance of Type 1 and Type 2 Errors. For each of the following scenarios: i state what the null and alternative hypotheses are, and (ii)

Importance of Type 1 and Type 2 Errors. For each of the following scenarios: i state what the null and alternative hypotheses are, and (ii) what Type 1 and Type 2 errors are possible; then (iii) determine which type of error would be most problematic. * A pharmaceutical company is hoping to introduce a new drug to treat the symptoms of AIDS. In order to gain FDA approval, the company must demonstrate the drug is more effective than placebo pills and that it is free of serious side effects. An airport has received a bomb threat. The airport police have tightened up security so that now every bag is checked manually. * Your friend has just purchased a pregnancy test. Nadia Dale Search a

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