Determine the null and alternative hypotheses.
Explain what it would mean to make a Type I error.
Explain what it would mean to make a Type II error.
The null and alternative hypotheses are given below:
From the given information, the claim is the proportion of students who enroll in her institution have a lower completion rate. This is representing the alternative hypothesis.
H0: p = 0.397.
H0: p < 0.397
Type I error:
Reject the null hypothesis, when it is true.
The president concludes that rejects the null hypothesis. But in...
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