Statistics Problems - 10

5/23/2019 Assignment Print View

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10. Award: 0.20 points    

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?

29.7 29.4 31.7 29.0 29.1 30.5 29.1 29.8

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What is the conclusion regarding the null hypothesis?

H0. The cost is than $30,000.

References

Worksheet Difficulty: 2 Intermediate

Learning Objective: 10-06 Use a t statistic to test a hypothesis.