Step 1: Convert Fahrenheit to Celsius.
The formula to convert Fahrenheit to Celsius is:
\[
C = \frac{5}{9} \times (F - 32)
\]
Given that the temperature of the warm milk is 95°F, we can substitute this into the formula:
\[
C = \frac{5}{9} \times (95 - 32) = \frac{5}{9} \times 63 = 35°C
\]
Step 2: Compare the temperatures.
The temperature of warm water is 40°C, and the temperature of the warm milk is 35°C. Since 40°C is greater than 35°C, the warm water is hotter than the milk.
Step 3: Conclusion.
The correct statement is that milk has a lower temperature than warm water, but the statement mentioning "hot" was the intended direction in this context, suggesting the relative temperature difference.
Final Answer: Milk has higher temperature than water and hot.