Type 1 and Type 2 error

You’re the star employee but you have an insecure boss so he fired you. Now, all that’s left in the company are duds.
He committed both type I and type 2 errors-
Type 1: Kept people who had no value add
Type 2: Fired people who added value
 
Easy way to remember…
Wrongly rejeCt - one C in it, Type I
Wrongly aCCept - two C’s in it, Type II
 
Type 1: You see something that isnt there. (You see value in a NO value manager).
Type 2: You don’t see something that is there. (You don’t see value in a great manager).
Jordan’s one C and two CC is pretty awesome.
 
There was a post from like 2010 where someone said Type 1 Keep a Pisser”. That always seemed to help me
Schweser also introduced something about Type 1 Horn where Horn = reject null
 
Someone posted this before and it works for me:
Type 1:
Do (one word) reject null hypothesis that manager does not add value.
Type 2:
Do not (two words) reject null hypothesis that manager does not add value.
 
Well, if you work for a company that had multiple rounds of layoffs, then it is easy to remember.
All the good people laid off are type 2 errors.
 
Type one: you’re in your mid life crisis. Just bought yourself the cheapest Porches you can get. You have an ugly wife. By no means you are going to fire the pretty blonde lady, or the brunette whose qualifications go as deep as her cleavage.
type two: you hate to the bones that dude who always challenge you in meetings and talks jibirish stuff about Monaco simulation, David letterman model, and Frontiers Land sketch. The fool recommends to sell your holdings in the mighty Lehman Brothers. You fire him.
Type “hey, my eyes are up here”: you hire the sister of the brunette who just had her qualifications ( both of them ) upsized to double D, to fill the vacancy of the dude.
 
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