A statistics major and a finance major decide to get married. They are trying to save money to pay for the wedding and need to figure out how many people will actually attend out of the 200 they plan to invite. For most weddings, data suggests that about 75% of people you invite to a wedding actually come. They suspect their friends and family are more dedicated than most, so they believe more than 75% will come.
They want to test the hypothesis:
Where p is the true proportion of invited people that will actually come to the wedding.
They select a random sample of their guests and determine how many of them actually plan on coming to the wedding.
What is a Type 1 error in this context?