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What is the type i error here

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Reference no: EM132409452

Suppose an investment broker's claim is stated in the hypotheses as:

H0: My clients earn an average return of at most 10% per year on their investments.

H1: My clients earn an average return of more than 10% per year on their investments.

What is the type I error here? What are the implications of this error? Who is affected and why? Explain.

Reference no: EM132409452

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