The cost of a wedding has skyrocketed in recent years. As a result, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised that the cost of a Caribbean wedding was less than $10 000. Listed below is the total cost (in $ thousands) for a sample of eight Caribbean weddings:

$10.5 $9.2 $10.2 $9.7 $9.7 $10.2 $9.4 $10.4

a. State the null hypothesis and the alternate hypothesis. (Enter the final answers in thousands of dollars.)

H0:

H1: <

b. State the decision rule for 0.05 significance level. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.)

Reject H0 if t <

.

c. Compute the value of the test statistic. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.)

Value of the test statistic

d. At the 0.05 significance level, is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised?

(Click to select)

H0. There is

(Click to select)

evidence to conclude that the cost is less than $10,000.