For students who first enrolled in two year public institutions in a recent semester, the proportion who earned a bachelor's degree within six years was 0.398. The president of a certain college...

Extracted text: For students who first enrolled in two year public institutions in a recent semester, the proportion who earned a bachelor's degree within six years was 0.398. The president of a certain college believes that the proportion of students who enroll in her institution have a lower completion rate. (a) Determine the null and alternative hypotheses. (b) Explain what it would mean to make a Type I error. (c) Explain what it would mean to make a Type Il error. (a) State the hypotheses. Ho: H1: (Type integers or decimals. Do not round.)