question archive Explain the Type I and II Decision Error Costs for the following situation: "The HR department is trying to fill a vacant position for a job with a small talent pool

Explain the Type I and II Decision Error Costs for the following situation: "The HR department is trying to fill a vacant position for a job with a small talent pool

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Explain the Type I and II Decision Error Costs for the following situation:

"The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all seem to bring different levels of expertise. For each applicant, the HR manager gathers information by trying to verify various claims on resumes, but some doubt about fit always lingers when a decision to hire or not is to be made."

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