Suppose you wanted to test if the population mean price for a product is equal to $20. You have gathered sample data and, for a sample of 25 products, found a sample mean of $20.92 and a sample standard deviation of $1.09.

Which of the following is the correct statement about the calculations for this test?

The test is a 1-tailed, right tailed test and you would use a Z-statistic in your calculations.
The test is a 2-tailed test and you would use a T-statistic in your calculations.