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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
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: $10.2 $9.6 $9.6 $10.0 $10.0 $9.9 $9.8 $10.6 a. State the null hypothesis and the alternate hypothesis. (Enter the final answers in thousands of dollars.) Ho: H 2 b. State the decision rule for 0.10 significance level. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.) Reject Ho 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 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $10 000 as advertised? (Click to select) | Ho. There is: (Click to select) v evidence to conclude that the cost is less than $10 000
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