Final answer:
The correct conclusion is to reject the null hypothesis since the p-value is less than the significance level; there is sufficient evidence for a linear relationship between a lake's flow rate and runoff factor. Option A is the correct answer.
Step-by-step explanation:
A scientist tested the claim that there is a linear relationship between a lake's flow rate and its runoff factor. This was done by setting up a hypothesis test, with the null hypothesis H₀: β₁ = 0 (which states that there is no linear relationship), against the alternative hypothesis Hᴇ: β₁ ≠ 0 (which states that there is a linear relationship).
The scientists found a p-value of 0.02 for the linear relationship test. When we compare this p-value with the significance level α = 0.05, and because the p-value is less than the significance level (0.02 < 0.05), we reject the null hypothesis.
This means there is sufficient statistical evidence at the 5 percent significance level to suggest that there is a significant linear relationship between a lake's flow rate and its runoff factor. Therefore, the correct conclusion is Option A: The null hypothesis is rejected since 0.02 < 0.05. There is sufficient statistical evidence to suggest that there is a linear relationship between a lake's flow rate and runoff factor.