Suppose a scheduled flight must average at least 60% occupancy to be profitable. A sample of 120 flights on a particular route w
as studied: the mean occupancy rate per flight was 58% with a sample standard deviation of 11%. We would like to find out if there is sucient evidence to support a claim that this flight route is unprofitable. a) In terms of this problem, what is the Type I error? b) Define and find ↵. c) In terms of this problem, what is the Type II error? d) Define and find when the true mean occupancy rate is 0.62. e) Find the p-value associated with this test. What would you conclude at the 0.10 level
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