" Type I and II Decision Error Costs "
The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all seem to bring different levels of expertise. For each applicant, the HR manager gathers information by trying to verify various claims on resumes, but some doubt about fit always lingers when a decision to hire or not is to be made.
- What are the Type I and II decision error costs?
- Which decision error is more likely to be discovered by the CEO?
- How does this affect the HR manager's hiring decisions?
There are two types of errors you can make when hiring applicants: Type one error and type two error. A type one error is a... View the full answer