Final answer:
The correct hypotheses are the two-tailed A) Null: μ₁ = μ₂, Alternative: μ₁ ≠ μ₂. Given a p-value of 0.2224 and alpha of 0.05, we do not reject the null hypothesis as the p-value is greater than the alpha level.
Step-by-step explanation:
The appropriate null and alternative hypotheses for investigating whether there is a significant difference in the time to completion of medical school between women and men are A) Null: μ₁ = μ₂, Alternative: μ₁ ≠ μ₂. This represents a two-tailed test where you are looking for any significant difference, whether men complete medical school faster than women, or vice versa.
Given the p-value of 0.2224 and the significance level α = 0.05, you compare the p-value to the alpha. Since the p-value (0.2224) is greater than the alpha (0.05), you do not reject the null hypothesis. This means that there is not enough statistical evidence at the 5 percent significance level to conclude that a significant difference exists in the average time to complete medical school between women and men.