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Use the following information to provide an example of a lype land lype ll Error. A pharmaceutical company tests a promising new medicine designed to

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Use the following information to provide an example of a lype land lype ll Error. A pharmaceutical company tests a promising new medicine designed to lower cholesterol when taken daily. The pharmaceutical company conducts a study to determine the effectiveness of the medication against a placebo. Consider the null hypothesis: there is no difference between the effectiveness of the new medication and the placebo in lowering cholesterol. Type I Error

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