Some analysts suggest that the average credit card debt for college students is $5,000, but university officials do not think that is true (i.e. the alternative hypothesis is H 1 : µ ≠ $5,000). If the...

Some analysts suggest that the average credit card debt for college students is $5,000, but university officials do not think that is true (i.e. the alternative hypothesis is H₁: µ ≠ $5,000). If the 95% confidence interval estimating average credit debt among students is [$4,095, $5,025], what conclusion can be drawn?

a. $5,000 is in the interval, so we fail to reject the null.

b. $5,000 is not in the interval, so another sample is needed.

c. $5,000 is not in the interval, so we reject the null.

d. Since this was not based on a population, we cannot make a conclusion.