MTH 233 Week 4 DQ 2

 Type I and II Errors

2.  Think of a major decision you have made.  What factors helped you to make that decision? How can you relate a Type I or Type II error to your decision? What were the ramifications of the decision?

For example, in 1995, I was thinking about moving from Florida to Arizona.

HO:  Move to Arizona

H1:  Stay in Florida

A type I error would be to stay in Florida when I should have moved to Arizona.

A type II error would be to move to Arizona when I should have stayed in Florida.

If I had stayed in Florida, I would have probably not had some of the job and educational opportunities that I have here in Arizona.  However, my increase in home value in Florida would have been much higher than in Arizona (especially in this economy).