The Bay Area Online Institute (BAOI) has set a guideline of 60 days for the time it should take to complete an independent study course. In analyzing the times taken to complete the course for 16 random students, BAOI found the average time it took to complete the course was 72 hours with a standard deviation of 20 hours. Consider the possible inferences BAOI can make about the time it takes to complete this course if they assume that the time it takes is normally distributed: i. At the 5% level, BAOI can infer that the average time to complete exceeds 60 hours. ii. At the 1% level, BAOI can infer that the average time to complete exceeds 60 hours. What is true about i. and it: O Only (l) is true O There is insufficient information to determine which of the other answers shown here is correct. O Neither (1) nor (ii) is true O Both (1) and (ii) are true O Only ) is true