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Lab 3 . 3 Excel: Analysis Questions In previous Chapter 3 labs, you determined that the average sales transaction was different between online and in

Lab 3.3 Excel: Analysis Questions
In previous Chapter 3 labs, you determined that the average sales transaction was different between online and in-person sales, but in this lab you actually assessed if those differences were significantly different using a hypothesis test. Why is statistically testing the differences important when it comes to making business decisions based on these results?
Assume that alpha is adjusted from 5% to 10%. With a 10% alpha, is a Type II error more or less likely? What impact does that have on potential decision-making regarding this t-test?

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