Identify the type I error and the type II error that correspond to the given hypothesis. The percentage of adults who retire at age 65 is less than 62 %.
Type I error: If the conclusion is made that the percentage of adults who retire at age of 65 is less than 62%, however in actual it is equal to greater than 62%.
Type II error: If the conclusion is made the percentage of adults who retire at the age of 65 is not less than 62%, however in actual it is less than 62%
Identify the type I error and the type II error that correspond to the given hypothesis....