Question
According to the February 2008 Federal Trade Commision report on consumer fraud and identity theft, 23% of all compplaints in 2007 were for identity theft.In
According to the February 2008 Federal Trade Commision report on consumer fraud and identity theft, 23% of all compplaints in 2007 were for identity theft.In that year, Alaska had 321 compplaints of identity theft out of 1,432 consumer compplaints.The overall concern is to determine if these data provide enough evidence to show that Alaska had a lower proportion of identity theft than 23%For thiis situation, state the Type I and Type II errors, consequences of each error type, and an appropriate Significance Level (alpha) to use.Explain your answers.
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