Question: Using the information obtained from the previous study about fuel prices, the following data was obtained for the hypothesis test: H 0 : = 2.9

Using the information obtained from the previous study about fuel prices, the following data was obtained for the hypothesis test: H 0 : = 2.9 , H a : < 2.9 Assume the significance level is = 0.01 . The z test statistic is calculated as 1.36. What is the p value and conclusion for this hypothesis test? Select the correct answer below: The p value is 0.0869. Fail to reject the null hypothesis H 0 . The economist does NOT have sufficient evidence that the average annual fuel price increase is less than 2.9 percent. The p value is 0.0869. Reject the null hypothesis H 0 . The economist has sufficient evidence that the average annual fuel price increase is less than 2.9 percent. The p value is 0.9131. Fail to reject the null hypothesis H 0 . The economist does NOT have sufficient evidence that the average annual fuel price increase is less than 2.9 percent. The p value is 0.9131. Reject the null hypothesis H 0 . The economist has sufficient evidence that the average annual fuel price increase is less than 2.9 percent

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