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9.2 Assignment 23. Rg. 561 Opening a restaurant You are thinking about opening a restaurant and are searching for a good location From research you
9.2 Assignment 23. Rg. 561 Opening a restaurant You are thinking about opening a restaurant and are searching for a good location From research you have done, you know that the mean income of those living near the restaurant must be over $85,000 to support the type of upscale restaurant you wish to open You decide to take a simple random sample of 30 people living near one potential location. Based on the mean income of this sample, you will perform a test of Ho : -$85, 000 Ha : p >$85, 000 where u is the true mean income in the population of people who live near the restaurant.= Describe a Type I error and a Type II error in this setting, and give a possible consequence of each
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