An official with campus dining services claimed that a majority of the students at her university had a campus meal plan. A reporter for the campus newspaper was skeptical of this and decided to investigate the situation. She took a random sample of 75 students and asked them if they had a meal plan. She then used Statcrunch software to construct the following output. What conclusion should we make from this output?
1) We should reject the null hypothesis and conclude there is evidence that less than half the students have a meal plan.
2) We should NOT reject the null hypothesis and conclude there is evidence that less than half the students have a meal plan.
3) We should NOT reject the null hypothesis and there is insufficient evidence to conclude that less than half of the students have a meal plan.
4) We should reject the null hypothesis and there is insufficient evidence to conclude that less than half of the students have a meal plan.