Answer:
A) Null hypothesis: H0: p = 0.398
Alternative hypothesis: H0: p < 0.398
B) A type I error would be made if the president concludes that he rejects the null hypothesis even when it's true.
C) A type II error would be made if the president concludes that the null hypothesis is false, but he erroneously fails to reject it.
Explanation:
A) The null and alternative hypotheses are given below:
From the given information, the claim is that the proportion of students who enroll in her institution have a lower completion rate. This is representing the alternative hypothesis. Thus
Null hypothesis:
H0: p = 0.398
Alternative hypothesis:
H0: p < 0.398
B) A type I error would be made if the president concludes that he rejects the null hypothesis even when it's true.
C) A type II error would be made if the president concludes that the null hypothesis is false, but he erroneously fails to reject it.