Statistics Question

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Step 1

Type 1 error : - When you reject the true Null Hypothesis

Type 2 error : - When you accept the false Null Hypothesis

The statement 

A lunar store claims that at least 75% of its new customers will return to buy their next order of lumber

Hypothesis

Null hypothesis :H0: p ≥ 0.75

Alternative Hypothesis : HA: p < 0.75

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