2. It is thought that a new process for producing a certain chemical may be cheaper than the currently used process. Each process was run 10 times, and the cost of producing 100 L of the chemical was determined each time. The results, in dollars, were as follows: New Process 55 62 64 66 68 61 58 65 68 76 Old Process 60 61 66 65 59 64 60 61 64 70 a) State the appropriate null and alternative hypotheses. b) Compute the test statistics c) Determine the P-value d) State the conclusion.

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A: That's easy. Have a good day!!!