Answer: Fourth option is correct.
Step-by-step explanation:
Since we have given that

The point value of a test item is strictly more than 1.25 points and strictly less than 1.5 points.
According to options:
It can be represented as :
The point value of a test item is more than 1.25 points and less than 1.5 points.
All other options except the above is not satisfying the above inequality.
Hence, Fourth option is correct.