The National Club Association does periodic studies on issues important to its membership. The 2008 Executive Summary of the Club Managers Association of America reported that the average country club initiation fee was $31,912. Suppose a random sample taken in 2009 of 12 country clubs produced the following initiation fees:

Based on the sample information, can you conclude at the α = 0.05 level of significance that the average 2009 country club initiation fees are lower than the 2008 average? Conduct your test at the α = 0.05 level of significance.

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S29.121 S31.472 S28,054 S31,005 S36,295 S32.771 $26.205 $33.299 S25,602 S33,726 S39,731 $27.816