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In: Statistics and Probability

Very Bad Drugs Corp believes that their new drug, Brain Boost, increases focus and alertness by...

Very Bad Drugs Corp believes that their new drug, Brain Boost, increases focus and alertness by 15%. Answer the following:

(a)Formulate a set of two hypotheses to test their claim in words and symbols.

(b) What would a Type 1 error be?

(c) What would a Type 2 error be?

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