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Determine the p-value and interpret its meaning

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Reference no: EM132250151

A candy company wants packages to contain a mean of 8.17 ounces so that virtually none of the packages contain less than 8 ounces. A sample of 50 packages is selected? periodically, and the packaging process is stopped if there is evidence that the mean amount packaged is different from 8.17 ounces. Suppose that in a particular sample of 50 packages, the mean amount dispensed is 8.158 ?ounces, with a sample standard deviation of 0.051 ounce.

Determine the p-value and interpret its meaning. Use a 0.01 level of significance

Round four decimal places.

Reference no: EM132250151

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