Are there any instances where the confidence level should or could be increased or decreased?
If the decision based on the outcome is more critical such as in the medical profession or NASA missions, then they may have less tolerance for risk. Hypothesis testing is used to make decisions so if the decisions impact human…
Elisabeth is a Master Black Belt at GoLeanSixSigma.com, the co-author of The Problem-Solver’s Toolkit and co-host of the Just-in-Time Cafe. For over 30 years, she's helped leading organizations like Amazon, Charles Schwab and Marriott International, Inc. build problem-solving muscles with Lean Six Sigma to achieve their goals.
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