Answer:
P-value = 0.0261
We conclude that the machine is under-filling the bags.
Explanation:
We are given the following in the question:
Population mean, μ = 433 gram
Sample mean,
= 427 grams
Sample size, n = 26
Alpha, α = 0.05
Sample standard deviation, σ = 15 grams
First, we design the null and the alternate hypothesis
We use one-tailed(left) t test to perform this hypothesis.
Formula:

Putting all the values, we have
Now, we calculate the p-value using the standard table.
P-value = 0.0261
Since the p-value is lower than the significance level, we fail to accept the null hypothesis and reject it.We accept the alternate hypothesis.
We conclude that the machine is under-filling the bags.