Solved: How would hypothesis testing work in a service industry, Basic Statistics

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How would hypothesis testing work in a service industry

Discuss the below:

Type I error -- Wrongful Rejection (Alpha risk)

Type II error -- Wrongful acceptance (Beta risk)

Q1) How might type I and type II errors relate to quality control and risk management in differing industries? For example, manufacturing pharmaceuticals versus shoes? Which industries might opt toward one error over another and why?

Q2) How would hypothesis testing work in a service industry?

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