Assume the null hypothesis, H0, is: Jacob earns enough money to afford a luxury apartment. Find the Type I error in this scenario.

Select the correct answer below:

Jacob thinks he does not earn enough money to afford the luxury apartment when, in fact, he does.

Jacob thinks he does not earn enough money to afford the luxury apartment when, in fact, he does not.

Jacob thinks he earns enough money to afford the luxury apartment when, in fact, he does not.

Jacob thinks he earns enough money to afford the luxury apartment when, in fact, he does.