The company stated that the capsules must be dried so that there is less than 0.1 % moisture to prevent the growth of mold. The moisture level of 8 capsules was measured with the following results expressed as % moisture: 0.05, 0.02, 0.15, 0.08, 0.07, 0.05, 0.03, 0.09

Does the average value for ALL these capsules indicate that the % moisture is below the 0.1% limit?

Calculate average, standard deviation, test statistic calculated, accept/ reject Ho and conclusion.