Question: 1 . What is the null ( H subscript 0 ) and alternative ( H subscript 1 ) hypotheses? Why are they important? 2 .

1.What is the null ( H subscript 0) and alternative ( H subscript 1) hypotheses? Why are they important?
2.What are Type I and Type II errors? Why do they matter?
Share at least one real-world example where hypothesis testing is used. How does the testing impact the decision-making process?

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