[jquery] If/else else if in Jquery for a condition

I am having a set of text fields where i am doing validation Say I am Having a field called "seats" this can accept value less than "99999".Meaning I should not able to enter the "99999" any thing less than that is ok. For that I wrote below if and else if . please tell me whether I am doing any thing wrong. I am confused a lot from morning whether it should be less than or greater than

if ($("#seats").val() != '') {
    setflag = false;
    alert("Not a valid character")
}
else if($("#seats").val() < 99999) {
    alert("Not a valid Number");
} else {
    setflag = true;
}

If statement for images in jquery:
#html

<button id="chain">Chain</button>
<img src="bulb_on.jpg" alt="img" id="img"/>

#script
    <script>
        $(document).ready(function(){
            $("#chain").click(function(){
            if($("#img").attr('src')!='bulb_on.jpg'){
                $("#img").attr('src', 'bulb_on.jpg');
            }
            else
            {
                $("#img").attr('src', 'bulb_onn.jpg');
            }
            });
        });
    </script>

A few more things in addition to the existing answers. Have a look at this:

var seatsValid = true;
// cache the selector
var seatsVal = $("#seats").val();
if(seatsVal!=''){
    seatsValid = false;
    alert("Not a valid character")
    // convert seatsVal to an integer for comparison
}else if(parseInt(seatsVal) < 99999){
    seatsValid = false;
    alert("Not a valid Number");
}

The variable name setFlag is very generic, if your only using it in conjunction with the number of seats you should rename it (I called it seatsValid). I also initialized it to true which gets rid of the need for the final else in your original code. Next, I put the selector and call to .val() in a variable. It's good practice to cache your selectors so jquery doesn't need to traverse the DOM more than it needs to. Lastly when comparing two values you should try to make sure they are the same type, in this case seatsVal is a string so in order to properly compare it to 99999 you should use parseInt() on it.

See this answer. val() is comparing a string, not a numeric value.

Change the less-than operator to a greater-than-or-equal-to operator:

}elseif($("#seats").val() >= 99999){

  <script src="https://ajax.googleapis.com/ajax/libs/jquery/3.4.1/jquery.min.js"></script>
  <form name="myform">
    Enter your name
    <input type="text" name="inputbox" id='textBox' value="" />
    <input type="button" name="button" class="member" value="Click1" />
    <input type="button" name="button" value="Click2" onClick="testResults()" />
  </form>
  <script>
    function testResults(n) {
      var answer = $("#textBox").val();
      if (answer == 2) {
        alert("Good !");
      } else if (answer == 3) {
        alert("very Good !");
      } else if (answer == 4) {
        alert("better !");
      } else if (answer == 5) {
        alert("best !");
      } else {
        alert('wrong');
      }
    }
    $(document).on('click', '.member', function () {
      var answer = $("#textBox").val();
      if (answer == 2) {
        alert("Good !");
      } else if (answer == 3) {
        alert("very Good !");
      } else if (answer == 4) {
        alert("better !");
      } else if (answer == 5) {
        alert("best !");
      } else {
        alert('wrong');
      }
    });
  </script>