Journal 1 In your journal response for this unit, imagine that you are a new pr

Module 8 Discussion: Hypothesis TestingWhen performing a hypothesis test, two types of errors can be made: Type I and Type II.1. Explain to your classmates what are type I errors and provide an example from an industry of your interest.2. Explain to your classmates what are type II errors and provide an example from an industry of your interest.3. Read at least one academic source besides Bluman’s book, and explain in your opinion which of these two errors would be a more serious and under which context.4. Explain the importance of p values in the context of type I errors.Remember to use academic references to support your work.

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