A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing

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A company is developing a new high performance wax for crosscountry ski racing. In order to justify the price marketing​ wants,the wax needs to be very fast.​ Specifically, the mean time tofinish their standard test course should be less than 55 secondsfor a former Olympic champion. To test​ it, the champion will skithe course 8 times. The​ champion's times​ (selected at​ random)are ​54.3, 65.5​, 46.3, 53.1​, 43.5​, 45.8​, 50.1​, and 41.6seconds to complete the test course. Should they market the​ wax?Assume the assumptions and conditions for appropriate hypothesistesting are met for the sample. Use 0.05 as the​ P-value cutofflevel. Find T Value Find P Value