In a capital murder trial, with a potential penalty of life in prison, would you as judge

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In a capital murder trial, with a potential penalty of life in prison, would you as judge tell the jury to make sure that we accidently convict an innocent person only one time in a hundred, or use some other threshold? What would it be?

a. What is the economic cost of a Type I error in this example? List some of the factors that would have to be considered in such a calculation.

b. What is the economic cost of a Type II error in this example? List some of the factors that would have to be considered in such a calculation.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:00 AM

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In a capital murder trial, with a potential penalty of life in prison, would you as judge

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As a judge in a capital murder trial the threshold for convicting an innocent person should be much ...View the full answer

Principles Of Econometrics

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