Question

The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $30,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.05 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised?

28.7 31.8 30.3 28.7 29.5 29.5 28.8 29.0

1. State the null hypothesis and the alternate hypothesis. Use a 0.05 level of significance. (Enter your answers in thousands of dollars.)
2. State the decision rule for 0.05 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
3. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
4. What is the conclusion regarding the null hypothesis?

Answer 1

frem hu given dato e har Round t 8 l (287-29 537-+ . +(e9- 29.532, 8-1) placus) . 8 9458 0.05,7 -e-462 0 3765 -29.538-30

nit 8 uan wedd ad ventised