Quantitative Method Research. Please Cite answers.Question 1What is a type I and type II errors in h

Quantitative Method Research. Please Cite answers.Question 1What is a type I and type II errors in hypothesis testing? What would be examples of each? ExplainQuestion 2What is the difference between statistical significance and practical significance? Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example of this.