2. A rocket was designed by an aerospace company to carry an expensive payload of scientific equipment on a satellite to be launched orbit around the earth. On the launch date, scientists debated whether to launch due to Possible adverse weather conditions. In the context of a test of a statistical hypothesis, the relevant hypotheses might be posed as follows: H0: the satellite will launch successfully, Ha: the satellite will not launch successfully. Describe the Type I and the Type ll errors for these hypotheses. Which error appears to be the more serious? Why? How, in the context of this exercise, would you decide whether to launch to make the Type l error acceptably small? What about the Type II error?