It is reported in USA Today that the average flight cost nationwide is $431.96. You have never paid close to that amount and you want to perform a hypothesis test that the true average is actually less than $431.96. The hypotheses for this situation are as follows: Null Hypothesis: 431.96, Alternative Hypothesis: < 431.96. You take a random sample of national flight cost information and perform a one sample mean hypothesis test. You observe a p-value of 0.8543. What is the appropriate conclusion? Conclude at the 5% level of significance.

Question 11 options:

1)

We did not find enough evidence to say the true average flight cost is greater than $431.96.

2)

The true average flight cost is significantly less than $431.96.

3)

The true average flight cost is greater than or equal to $431.96.

4)

We did not find enough evidence to say a significant difference exists between the true average flight cost and $431.96.

5)

We did not find enough evidence to say the true average flight cost is less than $431.96.