A cereal company claims that the mean weight of the cereal i…
A cereal company claims that the mean weight of the cereal in its packets is 14 oz. The weights (in ounces) for the cereal in a random sample of 8 of its cereal packets are listed below. 14.6 13.8 14.1 13.7 14.0 14.4 13.6 14.2 Assume the sample comes from a normal distribution population. Test the claim at the 0.01 significance level. (14pts) Round the sample mean and the sample standard deviation to 2 decimal places. Perform the following steps: (3pts) Step 1: Requirements (2pts) Step 2: (3pts) Step 3: Test statistic (round to 3 decimals) (3pts) Step 4: p- value (round to 4 decimals) (2pts) Step 5: P- value Method (1pt) Step 6: Conclusion