Mathematics, 19.11.2019 06:31 lildebiecakes
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 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised 29.128.528.829.429.829.830.130.6 a. state the null hypothesis and the alternate hypothesis. use a 0.10 level of significance. (enter your answers in thousands of dollars.) h0: μ ≥ h1: μ < b. state the decision rule for 0.10 significance level. (negative amount should be indicated by a minus sign. round your answer to 3 decimal places.) reject h0 if t < c. compute the value of the test statistic. (negative amount should be indicated by a minus sign. round your answer to 3 decimal places. value of the test statistic d. what is the conclusion regarding the null hypothesis?
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