Type 1 and Type 2 Errors

Purpose of Assignment:

The purpose of this assignment is to demonstrate a working knowledge of Type 1 and Type 2 errors and the challenged and ethical issues these present to researchers

Instructions:
You are the chief researcher for a pharmaceutical company. You have been assigned to write a research proposal on an experimental cancer drug that shows promise to treat some aggressive and lethal forms of cancer. The Board of Directors for the company has no idea what Type 1 and Type 2 errors are.

Develop a brief report on Type 1 and Type 2 errors specific to this study. Include the following:

Concerns and consequences if Type 1 and Type 2 errors are committed.
Ethical implications
What does this mean for patients?

Sample Solution