Compute the Standard Error as σX-bar equal to σX/√n or 16.7/√48. Next, take the Z-Test Statistic given by
z = (x-bar − μ0) ÷ σX-bar or (74.8 − 72.6) ÷ (16.7/√48).
The area under the Standard Normal Curve to the left of z = (74.8 − 72.6) ÷ (16.7/√48) or 0.9126974315 is given with high accuracy by a calculator program as (0.3192991524 + 0.5) or 0.8192991524.
Here the alternative hypothesis Ha is a "not-equal-to" hypothesis and the Z-Test Statistic is positive, so the
p-value is obtained by 2(1 − 0.8192991524) or 0.3614016952.
0.3614016952 is larger than the significance level of 0.001. Then the null hypothesis H0 : μ = 72.6 cannot be rejected at the 0.001 significance level. That is, it cannot be said that the sample mean has any difference from the norm.
The Z-Test Statistic is equivalent to 0.913.
The P-Value is equivalent to 0.3614.