Step 1 :First, we need to set up our null and alternative hypotheses. The null hypothesis (H0) is that the mean bolt length is 4.00 cm, and the alternative hypothesis (H1) is that the mean bolt length is not 4.00 cm.
Step 2 :Next, we calculate the test statistic using the formula for a z-test: \(Z = \frac{\bar{X} - \mu}{\frac{\sigma}{\sqrt{n}}}\), where \(\bar{X}\) is the sample mean, \(\mu\) is the population mean, \(\sigma\) is the population standard deviation, and \(n\) is the sample size.
Step 3 :Substituting the given values into the formula, we get: \(Z = \frac{4.14 - 4.00}{\frac{0.83}{\sqrt{196}}}\).
Step 4 :Solving the equation, we get: \(Z = \frac{0.14}{\frac{0.83}{14}} = 2.36\).
Step 5 :Therefore, the value of the test statistic is \(\boxed{2.36}\).