State your decision based on the P-value and the level of significance () and give your conclusion in an English sentence.

Group of answer choices

Reject the null hypothesis. There is insufficient evidence to suggest that the students' mean SAT score is greater than 550. The principal was right.

Reject the null hypothesis. There is sufficient evidence to suggest that the students' mean SAT score is greater than 550. The principal was right.

Fail to reject the null hypothesis. There is insufficient evidence to suggest that the students' mean SAT score is greater than 550. The principal was wrong.

Fail to reject the null hypothesis. There is sufficient evidence to suggest that the students' mean SAT score is greater than 550. The principal was wrong.