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Hi. If you could help me with Question 1-4 that would be super helpful, thanks! ; You are the CEO of a large insurance

Hi. If you could help me with Question 1-4 that would be super helpful, thanks!

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; \\ You are the CEO of a large insurance company. Your Chief Actuary Officer believes a policyholder's marital status is a factor in Whether the policyholder decides to let his Whole-life policy lapse. The insurance company randomly selects 1,000 Whole-life policies of single policyholders. Of those, 110 allowed their policies to lapse. The company also believes no more than 10% of Whole-life policies held by single policyholders lapse. 1. State the null and alternate hypotheses. (1.5 points) 2. State and explain Type I and Type II errors in relation to your hypotheses. (1.5 points) 3. Explain which of the errors in (2) concerns you more as the CEO of the company. (1.5 points) 4. Test for independence and the success/failure condition. (3.0 points)

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