Question: Question 3:

A friend recently said to me, ”It is so much cheaper to fly out of the FLL airport than out of MIA”. Do you think this is a true statement? Flight costs out of FLL and MIA to multiple cities can be found in the associated data file. Use the data to evaluate my friend’s claim. What level of significance do you think you should use? Argue based on the importance of Type I and Type II error in this context. 1As part of your response, make sure you define all of your terms, set up a formal hypothesis test, be explicit about all assumptions you are making in the process of conducting the hypothesis test, discuss the importance of your calculated statistics, and provide a thorough response to the friend about their claim.