years. as a result 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 $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.010 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised?
9.0, 9.1, 8.5, 9.1, 10.8, 9.7, 8.5, 9.4
a. State the null hypothesis and the alternate hypothesis. Use a 0.01 level of significance:
b. State the decision rule for 0.010 significance level. (round your answer to 3 decimal places.)
????? Reject H0 if t < _______
c. Compute the value of the test statistic. (round your answer to 3 decimal places)
????????? Value of the test static:? ______
d. What is the conclusion regarding the null hypothesis?
??? ________ H0. The cost is _____ than $10,000
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