Use the given information to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to reject the null hypothesis).

The test statistic in a two-tailed test is z = -1.63.

a. 0.1031; fail to reject the null hypothesis
b. 0.0516; reject the null hypothesis
c. 0.9484; fail to reject the null hypothesis
d. 0.0516; fail to reject the null hypothesis