Must post first Please read section 7.1 from our Textbook and answer the following
question.
Q: A company specializing in parachute assembly states that its main
parachute failure rate is not more than 2%. You perform a hypothesis
test to determine whether the company's claim is false. When will a type,
I or Type Il error occur? Which error is more serious and why?

Arecent study focused on the number of times men and women who live alone buy take-out dinner in a month. assume that the distributions follow the normal probability distribution and the population standard deviations are equal. the information is summarized below. statistic men women sample mean 24.85 21.33 sample standard deviation 5.54 4.93 sample size 34 36 at the 0.01 significance level, is there a difference in the mean number of times men and women order take-out dinners in a month? state the decision rule for 0.01 significance level: h0: μmen= μwomen h1: μmen ≠ μwomen. (negative amounts should be indicated by a minus sign. round your answers to 3 decimal places.) compute the value of the test statistic. (round your answer to 3 decimal places.) what is your decision regarding the null hypothesis? what is the p-value? (round your answer to 3 decimal places.)