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 collects data on the number of automobiles passing the location and conducts a hypothesis test using the following hypotheses:

Ho: <= 300

Ha:>300

Because building a restaurant is a big investment, the advisor decides to conduct the hypothesis at the 1% significance level.

Suppose that the advisor makes a Type I error when conducting the test.What will be the consequences to the franchiser?

Group of answer choices

The franchiser will build his restaurant on an unacceptable site.

The franchiser will build his restaurant on an acceptable site.

The franchiser does not build his restaurant even though the site is acceptable.

The franchiser does not build his restaurant because the site is unacceptable.