Presentation Profile
Houston, do we have a problem? False Alarms and Missed Signals
Currently Scheduled: 10/15/2019 - 9:30 AM - 10:15 AM
Room: Jasmine Room
Main Author
Alex T. Lau - Baytek International - TCL Consulting
Abstract:
When a decision is made based on imperfect data, there is a finite probability of making the wrong decision. Using four practical examples, this talk will discuss two different types of “wrong” decisions and a conceptual approach to estimate the probability of committing these decision errors.
