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Chapter 10 Homework 0 Saved 11 9.1 points Refe re nces Exercise 10-41 (Algo) (LO10-6) The number of destination weddings has skyrocketed in recent years.
Chapter 10 Homework 0 Saved 11 9.1 points Refe re nces Exercise 10-41 (Algo) (LO10-6) 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 is a total cost in $000 for a sample of eight Caribbean weddings. At the 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised? 29.5 29.9 30.1 28.9 29.6 28.7 28.7 29.9 ijictureClick here for the Excel Data File a. State the null hypothesis and the alternate hypothesis. Use a 0.10 level of signicance. (Enter your answers in thousands of dollars.) - 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.) c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) d. What is the conclusion regarding the null hypothesis? H
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