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Truth isn't that different from business. Both are statistical. Making a decision that is not statistically valid is bad business, as you could be making things
by kolpa 8y ago
Truth isn't that different from business. Both are statistical. Making a decision that is not statistically valid is bad business, as you could be making things worth as often as better.
- srean 8y agoI think you might be missing btilly's point. He is saying that the testing protocol should factor in the cost of being wrong. These costs might be drastically different for a business and for a scientific pursuit. If A is ahead of B by a hair and the my flawed protocol chooses B the cost to business might not be that high. But the same protocol might not be a good one if the cost of making that mistake is very high. The probabilities of the errors remain the same for the two scenarios, the expected costs are different.