The cost of a Starbucks Grande Latte varies from city to city. However, the variation among prices remains steady with a standard deviation of $1.25. A research was done to test the claim that the mean cost of a Starbucks Grande Latte is at least $4.25. Twenty (20) Starbucks Grande Latte yield a mean cost of $3.65 with a standard deviation of $0.35. By using an 8% level, what is your decision?

Reject the Ho because the p-value is equal to the alpha value

Fail to reject Ho because the p-value is less than the alpha value

None of the above

Reject Ho because the p-value is less than the alpha value