Final answer:
The interpretation of the p-value that is incorrect is Option 3: 'There is a 4.5% chance that the true average amount of caffeine in a cup of half caff is 60mg.' The p-value is not the probability of the null hypothesis being true or the probability of a specific parameter value being true. It is the probability of observing a test statistic as extreme or more extreme than the one calculated, assuming the null hypothesis is true.
Step-by-step explanation:
The interpretation of the p-value that is incorrect is Option 3: 'There is a 4.5% chance that the true average amount of caffeine in a cup of half caff is 60mg.'
The p-value is not the probability of the null hypothesis being true or the probability of a specific parameter value being true. It is the probability of observing a test statistic as extreme or more extreme than the one calculated, assuming the null hypothesis is true.
In this case, the p-value is the probability of observing a test statistic less than or equal to -1.898, which is 0.045 (4.5%).