Can you show me how to solve this? A fast-food franchise is considering building

Question

Can you show me how to solve this?

A fast-food franchise is considering building a restaurant at a busy intersection. A financial advisor determines that the site is acceptable only if, on average, more than 300 automobiles pass the location per hour. The advisor tests the following hypotheses:

Ho: = 300.

HA: > 300.

The consequences of committing a Type II error would be that__________________________.

the franchiser builds on an acceptable site

the franchiser builds on an unacceptable site

the franchiser does not build on an acceptable site

the franchiser does not build on an unacceptable site

Explanation / Answer

Type II error is failure to reject the null hypothesis, when the null hypothesis is false.

Thus here the consequences of committing a Type II error would be that the franchiser does not build on an acceptable site.

Thanks.

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