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1, Which is worst/more serious: Committing a Type I error or a Type II error? Explain thoroughly 2, Why is inference important? What does it

1, Which is worst/more serious: Committing a Type I error or a Type II error? Explain thoroughly

2, Why is inference important? What does it do for us? Why is it so important that we learn about inference? Explain thoroughly.

3, All other things being the same, what happens to the width of a confidence interval when we change from a 95% confidence level to a 99% confidence level? Explain thoroughly (

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