What is a Type I Error in the context of this problem ? b) What is a Type II Error in the context of this problem ?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 7P
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3) A local dog food company wants to test whether this year’s average weekly online sales have
increased beyond last year’s weekly goal of $7500 (try writing these out in words to help interpret in
context):

?!: ?=7500
?!: ?>7500

a) What is a Type I Error in the context of this problem ?

b) What is a Type II Error in the context of this problem ?

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