27 Dec 2021, 11:32 — 2 min read
In statistics, there are two types of errors.
Type 1 Error: False Positive. E.g., someone does not have any disease, but a medical report falsely indicates some condition. A Type 1 error is an error of commission—something you do wrong.
Type 2 Error: False Negative. E.g.-Someone has a disease, but the medical report suggests that there is no disease. A Type 2 error is an error of Omission—something you did not do when you should have.
In life, we should all be worried more about committing Type 2 more than Type 1 errors.
As the year is coming to a close and we enter a new one, it’s good to take a pause and ask ourselves, “what are the things I am not doing that I should be doing?”
It’s good to check if we need to address some Type 2 errors we are unknowingly or unconsciously committing in our lives.
Also read: Instead of trying to find your passion, develop it
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Image source: Freepik
Article source: https://ownmygrowth.com/2021/12/24/type-2-errors/
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy, or position of GlobalLinker.
Posted byPramod Veturi
Global leader with experience managing core banking functions with proven track record of delivering business transformation and growth.
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