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 $270 per hour. Ho: HS 270 H: H > 270 O Ho: H > 270 H: H S 270 Ho: H = 270 O Hip # 270 Oho: H 2 270 Ha: H 270 when the method really would lower costs. This mistake could result in not implementing a method that would lower costs. (c) What is the type II error in this situation? What are the consequences of making this error? O It would be claiming A S 270 when the new method does not lower costs. This mistake could result in implementing the method when it would not lower costs. O It would be claiming A 270 when the method really would lower costs. This mistake could result in not implementing a method that would lower costs