The Sareen Sports Industries has been producing cricket bats with its stable supply chain for a long period of time. It is thought that the average weight of a cricket bat produced by the company is equal to 1.23kg. A new analyst is hired who challenges the status quo. The analyst takes a sample of 49 bats with a sample mean of 1.3kg and a standard deviation of 0.3, respectively. Calculate the p-value for the test at the significance level of 5%.

a). 10.32%; fail to reject the null hypothesis

b). 5.16%; fail to reject the null hypothesis

c). 5.16%; reject the null hypothesis

d). 10.32%; reject the null hypothesis