What are the different types of error in a hypothesis test? Explain in detail. They can give specific examples to explain what they mean. What kind of mistake would you rather make (different answers can be valid)?

How would you describe hypothesis testing to a friend outside of this Statistics class? Explain what is Assertion, Ho and H1, what is Test Statistic in words, what does the critical value mean, when it is rejected and when it is not rejected, what is a value.