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"Every time I take it, it tells me something different!" complains Hendrik's friend, turning away from the online personality quiz she just completed. She is complaining about the test's validity.
Clinical Trials
Research studies that test the safety and effectiveness of new medical treatments, drugs, or devices on human subjects.
Decision Node
A point within a decision tree representing a choice among alternative courses of action or occurrences, guiding the path towards a final decision.
FDA Approval
The authorization granted by the Food and Drug Administration indicating that a drug, device, or food product meets its standards for safety and efficacy for human use.
Expected Return
The weighted average of all possible returns for an investment, with weights being the probabilities of each outcome.
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