Final answer:
The p-value of 0.264 is greater than the alpha level of 0.05, so we fail to reject the null hypothesis in the one-sample t-test.
Step-by-step explanation:
When we perform a two-tailed, one-sample t-test, we compare the obtained p-value to the chosen alpha level (\(\alpha\)) to decide whether to accept or reject the null hypothesis. With an alpha of 0.05 and a p-value of 0.264, we compare the values and find that the p-value is greater than alpha (p-value > \(\alpha\)). Therefore, based on the result of the t-test, we fail to reject the null hypothesis that the true population mean is 63, because the evidence is not sufficient to conclude that the mean is significantly different from 63.