Theoretical Statistics
Clinical trials are systematic studies conducted to evaluate the effectiveness and safety of new medical interventions, such as drugs, devices, or treatment protocols. These trials play a crucial role in determining whether a new therapy should be approved for public use and often involve various phases that assess the intervention's impact on participants. Understanding the outcomes of clinical trials involves considering concepts like Type I and Type II errors, power of a test, Bayesian hypothesis testing, and the importance of stratified sampling to ensure diverse participant representation.
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