[See Steps] The average gasoline price of one of the major oil companies has been $1.00 per gallon (must have been 30 years ago). Because of shortages in
Question: The average gasoline price of one of the major oil companies has been $1.00 per gallon (must have been 30 years ago). Because of shortages in production of crude oil, it is believed that there has been a significant increase 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 $1.10. Assume that the standard deviation of the population () is $0.12.
| a. | State the null and the alternative hypotheses. |
| b. | Test the claim at .05 using the z statistic |
| c. | What is the p -value associated with the above sample results? |
Deliverable: Word Document 
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![[Solution Library] A company has recorded data](/images/solutions/MC-solution-library-69634.jpg "[Solution Library] A company has recorded data on the weekly sales")
[Solution Library] A company has recorded data on the weekly sales
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