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1.If you were a drug regulator, would you prefer to face the distribution of error from the first or the second image below? Explain why
1.If you were a drug regulator, would you prefer to face the distribution of error from the first or the second image below? Explain why in terms of the minimum amount of Type I and Type II error achievable in each image.
1.What does this mean for the potential to use policy incentives to expedite creation of a coronavirus vaccine or treatment? (Someone please explain number 2)
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