Mathematics, 21.04.2020 06:40 Queiao4088

The Maldives boasts of inexpensive weddings. From past data, the average cost of a wedding is $7500, with a standard deviation of $975. To test if the true mean costs have changed, a random sample of 36 current weddings is taken. Their average is $7750. Is there evidence that currently , the true mean cost of wedding differs from the usual $7500 ? Perform the test at alpha=0.05 .

If the computed value of the test statistic is 1.96, what is the p -value ?

A 0.005 B 0.01 C 0.025 D 0.05

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The Maldives boasts of inexpensive weddings. From past data, the average cost of a wedding is $7500,...