The America Automobile Association reported that the mean price of a gallon of regular grade gasoline in the United States in October 2020 was $2.82. An economist is interested in determining whether the mean price of regular grade gasoline is cheaper (less than) in New York State. To test this, the economist sample 50 gas stations in NY and find the mean price of regular grade gasoline to be $2.77. Assume the standard deviation for the price of regular grade gasoline is $0.15. Use the critical value method to perform a hypothesis test at the 0.05 level of significance.