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i) State the Hypotheses to Test. ii) Make a decision based on the information given. iii) What would be Type I and Type II er
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n = 40, \mu = 180, \bar{x} = 175, s = 19.5. p value = 0.0674

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(i) The Hypothesis:

H0: \mu = 180

Ha: \mu < 180

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(ii) Since p value is low (lower than 0.01 and 0.05), we reject the Null Hypothesis.

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(iii) The Type I error is the incorrect rejection of a true null hypothesis. In this case it would mean that we have accepted that the cholesterol levels are less than 180, when actually they are equal to 180.

The Type II error is the incorrect retention of a false null hypothesis. In this case it would mean that we have accepted that the cholesterol levels are equal to 180, when actually they are less than 180.

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