Question: The average customer wait time at a QuickServe Restaurant chain is currently 8 minutes. The restaurant is considering implementing a new order processing system if

The average customer wait time at a QuickServe Restaurant chain is currently 8 minutes. The restaurant is considering implementing a new order processing system if sample data suggests it significantly decreases the average customer wait time. a) What is the Type I Error and what are the business consequences of a Type I Error? (0.5 pt) b) What is the Type II Error and what are the business consequences of a Type II Error? (0.5 pt)

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