Type 1 And Type 2 Error With Examples : Complete Clarity In 10 Min.

To learn Hypothesis Testing most effectively and practically, visit: https://vijaysabale.co/hypothesis
Hello Friends,
Type 1 and Type 2 Error are two possible errors in hypothesis testing. Any decision that we take is based on probabilities. Therefore, no decision is 100% certain. In this video, I have explained these 2 critical concepts in detail with practical examples.

This video consists of the following topics:
✅ Introduction
✅ Why an Error In the Decision?
✅ Type 1 Error (Producer's Risk)
✅ Type 2 Error (Consumer's Risk)
✅ Power of Test
✅ Impact of Sample Size on Power of Test (Power and Sample Size)
✅ Type 1 and Type 2 Error - Example 1
✅ Type 1 and Type 2 Error - Example 2
✅ Type 1 and Type 2 Error - Example 3
✅ Learn Lean Six Sigma and Minitab Most Effectively and Practically
I am sure you will like it.

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0:00 Introduction
0:28 Why an Error In the Decision?
1:36 Type 1 Error (Producer's Risk)
2:32 Type 2 Error (Consumer's Risk)
3:18 Power of Test
3:51 Impact of Sample Size on Power of Test (Power and Sample Size)
5:06 Type 1 and Type 2 Errors - Example 1
7:32 Type 1 and Type 2 Errors - Example 2
8:58 Type 1 and Type 2 Errors - Example 3
11:12 Learn Lean Six Sigma and Minitab Most Effectively and Practically

Thank you for watching...🙏😊

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