Discuss the differences between Type I and Type II errors in the context of business decision making.

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Discuss the differences between Type I and Type II errors in the context of business decision making.

Discuss the differences between Type I and Type II errors in the context of business decision making. Explain how each of the two types of errors can impact both, the validity as well as the reliability of conclusions? As a business analyst, what would you do to minimize the chances of either Type I or Type II errors adversely impacting your conclusions?

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