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Question C: Compute the value of the test statistic (Round answer to 3 decimal places.)Question D: What is the conclusion regarding the null hypothesis? Reject

Question C: Compute the value of the test statistic (Round answer to 3 decimal places.)Question D: What is the conclusion regarding the null hypothesis? Reject or do not reject, less thanot less than $30,000

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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? 29 . 1 30.3 29.4 29.9 29 .4 29.9 29.9 29.4 a. State the null hypothesis and the alternate hypothesis. Use a 0.05 level of significance. (Enter your answers in thousands of dollars.) HO: U 2 H1: U

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