Question 8 (1 point) 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 higher completion rate. Which of the following is a Type I error? 0 The president fails to reject the hypothesis that the proportion of students who earn a bachelor's degree within six years is 0.398, when, in fact, the proportion is greater than 0.398. O The president fails to reject the hypothesis that the proportion of students who earn a bachelor's degree within six years is 0.398, when, in fact, the proportion is 0.398. O The president rejects the hypothesis that the proportion of students who earn a bachelor's degree within six years is 0.398, when, in fact, the proportion is 0.398. O The president rejects the hypothesis that the proportion of students who earn a bachelor's degree within six years is 0.398, when, in fact, the proportion is greater than 0.398