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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 in $000 for a sample of 8 Caribbean weddings. At the 0.005 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 9.5 9.1 10.8 9.7 8.5 9.4 8.6 9.4 a. State the null hypothesis and the alternate hypothesis. Use a 005 level of significance. (Enter your answers in thousands of dollars.) HO:² H₁: H< b. State the decision rule for 0.005 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Reject Ho if t<

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 in $000 for a sample of 8 Caribbean weddings. At the 0.005 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 9.5 9.1 10.8 9.7 8.5 9.4 8.6 9.4 a. State the null hypothesis and the alternate hypothesis. Use a 005 level of significance. (Enter your answers in thousands of dollars.) HO:² H₁: H< b. State the decision rule for 0.005 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Reject Ho if t<

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 1CR
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c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Value of the test statistic d. What is the conclusion regarding the null hypothesis? (Click to select) Ho. The cost is (Click to select) than $10,000.
Transcribed Image Text:c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Value of the test statistic d. What is the conclusion regarding the null hypothesis? (Click to select) Ho. The cost is (Click to select) than $10,000.
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 in $000 for a sample of 8 Caribbean weddings. At the 0.005 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 9.5 9.1 10.8 9.7 8.5 9.4 8.6 9.4 a. State the null hypothesis and the alternate hypothesis. Use a 005 level of significance. (Enter your answers in thousands of dollars.) Ho:μz H₁: N< b. State the decision rule for 0.005 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Reject Ho if t<
Transcribed Image Text: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 in $000 for a sample of 8 Caribbean weddings. At the 0.005 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 9.5 9.1 10.8 9.7 8.5 9.4 8.6 9.4 a. State the null hypothesis and the alternate hypothesis. Use a 005 level of significance. (Enter your answers in thousands of dollars.) Ho:μz H₁: N< b. State the decision rule for 0.005 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Reject Ho if t<
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