(Solved):
Describe type I and type II errors for a hypothesis test of the indicated claim. A lumber store ...
Describe type I and type II errors for a hypothesis test of the indicated claim. A lumber store claims that no more than 50% of its new customers will return to buy their next order of lumber. Describe the type I error. Choose the correct answer below. A. A type I error will occur when the actual proportion of new customers who return to buy their next order of lumber is at least 0.50 , but you fail to reject H0? : p?0.50. B. A type I error will occur when the actual proportion of new customers who return to buy their next order of lumber is no more than 0.50 , but you reject H0? : p?0.50. C. A type I error will occur when the actual proportion of new customers who return to buy their next order of lumber is at least 0.50 , but you reject H0? : p?0.50. D. A type I error will occur when the actual proportion of new customers who return to buy their next order of lumber is no more than 0.50 , but you fail to reject H0? : p?0.50. Describe the type II error. Choose the correct answer below. A. A type II error will occur when the actual proportion of new customers who return to buy their next order of lumber is less than 0.50 , but you fail to reject H0? : p?0.50. B. A type II error will occur when the actual proportion of new customers who return to buy their next order of lumber is less than 0.50 , but you reject H0? : p?0.50. C. A type II error will occur when the actual proportion of new customers who return to buy their next order of lumber is more than 0.50 , but you reject H0? : p?0.50. D. A type II error will occur when the actual proportion of new customers who return to buy their next order of lumber is more than 0.50 , but you fail to reject H0? : p?0.50.