Answer: We concluded that the mean weight is greater than 16 ounces.
Explanation:
Since we have given that
n = 50
mean = 16.05 ounces
Standard deviation = 0.03 ounce
So, hypothesis:

So, test statistic value would be

At 5% level of significance, z = 1.645 in one tail test.
Since 1.645 < 11.785
Hence, we will reject the null hypothesis.
Therefore, we concluded that the mean weight is greater than 16 ounces.