What is your decision regarding the null hypothesis

Reference no: EM132209586

The cost of weddings in the United States 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 in Bride Magazine that the cost of a Caribbean wedding was less than $10,000. Listed below is a total cost for a sample of eight Caribbean weddings.

$9,700 $9,400 $11,700 $9,000 $9,100 $10,500 $ 9,100 $9,800

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

State the null and alternate hypothesis.

How many degrees of freedom are there?

Give the decision rule

Compute the value of t. What is your decision regarding the null hypothesis?

Reference no: EM132209586

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