Step 1 :The question is asking us to decide whether to reject or fail to reject the null hypothesis based on the P-value and the significance level \(\alpha\). The P-value is given as 0.01345688 and the significance level \(\alpha\) is given as 0.05.
Step 2 :The rule of thumb is that if the P-value is less than or equal to the significance level, we reject the null hypothesis. If the P-value is greater than the significance level, we fail to reject the null hypothesis.
Step 3 :In this case, the P-value is less than the significance level (0.01345688 < 0.05), so we should reject the null hypothesis.
Step 4 :\(\boxed{\text{The correct answer is C. Since the P-value is less than } \alpha, \text{ reject the null hypothesis.}}\)