Duke Energy reported that the cost of electricity for anefficient home in a particular neighborhood of Cincinnati, Ohio was$107 per month. A researcher believes that the cost of electricityfor a comparable neighborhood in Chicago, Illinois is higher. Asample of homes in this Chicago neighborhood will be taken and thesample mean monthly cost of electricity will be used to test thefollowing null and alternative hypotheses. H0: μ ≤ 107 Ha: μ >107 a. Assume the sample data lead to rejection of the nullhypothesis. What would be your conclusion about the cost ofelectricity in the Chicago neighborhood? b. What is the Type Ierror in this situation? The Type I error is H0 when it is . Whatare the consequences of making this error? c. What is the Type IIerror in this situation? The Type II error is H0 when it is . Whatare the consequences of making this error
