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<

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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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