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-A pharmaceutical company has a new drug which relieves headaches. However, there is some indication that the drug may have the side effect of increasing blood pressure. Suppose the drug company conducts a hypothesis test to determine whether the medication raises blood pressure. The hypotheses are: : The drug does not increase blood pressure. : The drug increases blood pressure. Do you think that for doctors and patients it is more important to have a small α probability or a small β probability? Why? Do you think that the pharmaceutical company would prefer to have a small α probability or a small β probability? Why?
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