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Why might the FDA tend to delay the drug approval process? Explain in terms of type 1 and type 2 errors?

This question was answered on Nov 14, 2012. View the Answer
Why might the FDA tend to delay the drug approval process? Explain in terms of type 1 and type 2 errors?
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Why might the FDA tend to delay the drug approval process? Explain in terms of type 1 and
type 2 errors?
An approval from FDA translates into profits for the company and signals the safety of a...

This question was asked on Nov 10, 2012 and answered on Nov 14, 2012.

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