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3. What are type one and type two errors? A government drug regulator believes that the toxicity level in a new drug is above the

3. What are type one and type two errors? A government drug regulator believes that the toxicity level

in a new drug is above the industry standard and is therefore unsafe for consumers. Explain in your

own words what a Type I and Type II error in this case would be. Which error do you think would be

more serious?

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