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:

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

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

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

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