The basics of type 1 and 2 errors | explained with a simple example

In this video, we will learn about type 1 and 2 errors that can be made in statistical hypothesis testing. 1. What is a type 1 error? 2. What is a type 2 error? (05:17) 3. False positive, true negative, false negative and true positive (08:42) 4. Drug example (10:47) For more videos in a logical order, go to: https://www.tilestats.com