An airline company claims in a recent advertisement that more than 94% of passenger luggage that it lost is recovered and reunited with the customer within 1 day. Hunter is a graduate student studying statistics. For a research project, Hunter wants to find out whether there is convincing evidence in support of the airline company's claim. He randomly selects 315 passengers of the airline whose luggage was lost by the airline and found that 276 of those passengers were reunited with their luggage within 1 day. Are all of the conditions for this hypothesis test met, and if so, what are the null and alternative hypotheses for this hypothesis test?

Select the correct answer below:

Although the proportion follows a binomial model with two independent outcomes and the data are selected at random, the number of successes and the number of failures are not both greater than or equal to 5.

Although the proportion follows a binomial model with two independent outcomes and the number of successes and the number of failures are both greater than or equal to 5, the data are not selected at random.

Although the data are selected at random and the number of successes and the number of failures are both greater than or equal to 5, the proportion does not follow a binomial model.

All of the conditions to conduct the hypothesis test have been met. The null and alternative hypotheses are {H0:p=0.94Ha:p0.94.

All of the conditions to conduct the hypothesis test have been met. The null and alternative hypotheses are {H0:p0.94Ha:p>0.94.

All of the conditions to conduct the hypothesis test have been met. The null and alternative hypotheses are {H0:p0.94Ha:p<0.94.