Question: Determine the Type I error if the null hypothesis, H0, is: the mean price of a loaf of bread is $1.67. Select the correct answer

Determine the Type I error if the null hypothesis, H0, is: the mean price of a loaf of bread is $1.67.

Select the correct answer below:

You think the mean price of a loaf of bread is $1.67 when, in fact, it is.

You think the mean price of a loaf of bread is not $1.67 when, in fact, it is.

You think the mean price of a loaf of bread is not $1.67 when, in fact, it is not.

You think the mean price of a loaf of bread is $1.67 when, in fact, it is not.

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