8.16. A company advertises their 340 gram bags of granola for $3.75. You think in recent weeks that the bags contain less than the company states. You weigh 52 bags and find the average to be 337 grams with a standard deviation of 2 grams. At the 5% level of significance, what can you conclude about these bags? Perform all steps of the hypothesis test. o A hypothesis test is a five step process: 1. State the hypotheses. 2. Calculate the test statistic (which is essentially a z-score) 3. Determine the pvalue 4. Make a decision (where we side with either H0 or H1). To do this, we will need a significance level. 5. State a conclusion in terms of the problem. One Proportion Hypothesis Test 3. pvalue= normalcdf(E99. 2.166. 0. 1) = 0.0152 4. Decision: 0.0152