In the past two years, both product A and product B have had similar sales...
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In the past two years, both product A and product B have had similar sales and the production Investment is also the same for both of them. This year, the manufacturer feels that Product A may have more sales as compared to Product B . Determine the null and alternate hypotheses, as well as what each potential error represents in terms of reality and researcher conclusion. Which potential error do you think is more severe? A Type I error has more severe effects in this scenario.A Type II error has more severe effects in this scenario.A Type I error and a Type Il error have equally severe consequences in this scenario.It is impossible to tell which error type has more severe consequences in this scenario.
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