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2. Question 8 on P389Suppose 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 $220 per hour.b.What is the Type I error in this situation? What are the consequences of making this error?c.what is the type II error in this situation? What are the consequences of making this error?Answer:1
3. Question 10 on P403Consider the following hypothesis test:H0: μ≤25HA: μ>¿25A sample of 40 provided a sample mean of 26.4. The population standard deviation is 6.a.Compute the value of the appropriate test statistic.