Suppose a new production method will be implemented if a hypothesis test supports the conclusion that the new method reduces the mean operating cost per hour. a. State the appropriate null and alternative hypotheses if the mean cost for the current production method is $235 per hour. Ho: Ha: - Select your answer - 235 -Select your answer - 235 b. What is the Type I error in this situation? Claiming - Select your answer 235 when the new method Select your answer - ✓ lower costs. What are the consequences of making this error? A mistake could be implementing the method when it - Select your answer - c. What is the Type II error in this situation? Claiming - Select your answer - 235 when the new method - Select your answer - What are the consequences of making this error? This could lead to not implementing a method that - Select your answer - lower costs. help. lower costs.

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