The cost of wedding in the U.S. 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 eight Caribbean weddings:   9.7     9.4     11.7     9.0     9.1     10.5      9.1     9.8   A quick analysis reveals that the average cost of this sample is $9,787

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2. The cost of wedding in the U.S. 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 eight Caribbean weddings:

 

9.7     9.4     11.7     9.0     9.1     10.5      9.1     9.8

 

A quick analysis reveals that the average cost of this sample is $9,787.50 and the standard deviation is $917.20. At the .05 significance level, is it reasonable to conclude the mean wedding cost is less than the $10,000 as advertised?  

 

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