A Chip Company claims that there is 32 oz in every bag of chips with the specified population standard deviation of 1.5. A sample of 40 bags where weighted with sample mean of 31.4. A consumer feels that this less than what the company claims.
Determine the p-value, give accurate to four decimals; that is, 0.12345 or 12.345%, should be given as 0.1235.