The average gasoline price of one of the major oil companies has been $2.20 per gallon. Because of cost reduction measures, it is believed that there has been a significant reduction in the average price. In order to test this belief, we randomly selected a sample of 36 of the company's gas stations and determined that the average price for the stations in the sample was $2.14. Assume that the standard deviation of the population ( 5) is $0.12. a. State the null and the alternative hypotheses. b. Compute the test statistic. What is the p-value associated with the above sample results? d. Using a= 05, will you reject, or fail to reject the null?In computing the standard error of the mean, the finite population correction factor is used when O a. Nin > 0.05. O b. N $ 0.05. O c. W/N > 0.05. O d. n/NS 30.Read the Z statistic from the normal distribution table and choose the correct answer. For a one-tailed test (lower tail) using o = .0901; z = O a. -1.86. O b. -1.34. O c. -1.96. O d. -1.645