Describe type I and type ll errors for a hypothesis test of the indicated daim. A furniture store claims that at least 70% of its new customers will return to buy their next piece of furniture Describe the type 1 error Choose the correct answer below OA. A type 1 error will occur when the actual proportion of new customers who return to buy their next piece of furniture is no more than 0.70, but you fail to roject Hop50.70 O B. A type l error will occur when the actual proportion of new customers who return to buy their next piece of furniture is at least 0 70, but you reject Ho p20.70 OC. A typo error will occur when the actual proportion of new customers who return to buy their next place of fumiture h at least 070, but you fail to reject Ho p20.70 OD. A type I entor will occur when the actual proportion of new customers who return to buy their next piece of furniture is no more than 0 70, but you roject Ho P0.70