A wedding website states that the average cost of a wedding is $28,142. One concerned bride hopes that the average is less than reported. To see if her hope is correct. she surveys 39 recently married couples and finds that the average cost of weddings in the sampie was $26,386. Assuming that the population standard deviation is $5500, is there sufficient evidence to support the bride's hope at the 0.01 level of significance? Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.
A wedding website states that the average cost of a wedding is $28,142. One concerned bride hopes that the average is less than reported. To see if her hope is correct. she surveys 39 recently married couples and finds that the average cost of weddings in the sampie was $26,386. Assuming that the population standard deviation is $5500, is there sufficient evidence to support the bride's hope at the 0.01 level of significance? Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![A wedding website states that the average cost of a wedding is $28,142. One concerned bride hopes that the average is less than reported. To see if her hope is correct, she surveys 39 recently married couples and finds that the average cost of weddings in the sample was $26,386. Assuming that the population standard deviation is $5500, is there sufficient evidence to support the bride’s hope at the 0.01 level of significance?
**Step 2 of 3**: Compute the value of the test statistic. Round your answer to two decimal places.
**Answer**: [Blank space for calculation]
A small box is provided for users to input their answer. On the left, there is a keypad with various mathematical symbols to assist in calculations, including symbols for addition, subtraction, multiplication, division, square roots, parentheses, and Greek letters such as alpha and mu. Users can also access tables and keyboard shortcuts for ease of use. The "Submit Answer" button is located below this input section.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc202aa77-6401-4cfc-98e4-e96da2bfa3e8%2F93212145-8050-4d7c-8786-74d0fb4dbdc2%2F7gcy4do_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A wedding website states that the average cost of a wedding is $28,142. One concerned bride hopes that the average is less than reported. To see if her hope is correct, she surveys 39 recently married couples and finds that the average cost of weddings in the sample was $26,386. Assuming that the population standard deviation is $5500, is there sufficient evidence to support the bride’s hope at the 0.01 level of significance?
**Step 2 of 3**: Compute the value of the test statistic. Round your answer to two decimal places.
**Answer**: [Blank space for calculation]
A small box is provided for users to input their answer. On the left, there is a keypad with various mathematical symbols to assist in calculations, including symbols for addition, subtraction, multiplication, division, square roots, parentheses, and Greek letters such as alpha and mu. Users can also access tables and keyboard shortcuts for ease of use. The "Submit Answer" button is located below this input section.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman