A certain academic program boasts that 87% of their graduates find full-time employment in their field within the first year of graduation. The academic director is concerned that market factors may have adversely affected the full-time placement rate and decides to perform a Hypothesis Test to see if her concern is warranted. The hypothesis test is performed at a 5% significance level and the resulting p-value is 0.07. Assume that all conditions for testing have been met and choose the statement that contains the correct conclusion. a. there is not sufficient sample evidence to conclude that the full-time placement rate is now less than 87% because the p-value is greater than 0.05.
b. there is sufficient sample evidence to conclude that the full-time placement rate is now less than 87% because the p-value is greater than 0.05.
c. there is sufficient sample evidence to conclude that the full-time placement rate is 87% because the p-value is greater than 0.05.
c. there is not sufficient sample evidence to conclude that the full-time placement rate is 87% because the p-value is greater than 0.05.