14 - Test 4 (Week 14) i Saved Help Save & Exit Subn 3 The cost of a wedding 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 that the cost of a Caribbean wedding was less than $10 000. Listed below is the total cost (in $ thousands) for a sample of eight Caribbean weddings $9.3 $9.4 $9 .8 $9.2 $10.5 $11.0 $10.4 $10.1 8 01:33-22 a. State the null hypothesis and the alternate hypothesis. (Enter the final answers in thousands of dollars.) Ho: H2 b. State the decision rule for 0.05 significance level. (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.) Reject Ho if ts c. Compute the value of the test statistic (Negative answer should be indicated by a minus sign. Round the final answer to 3 decimal places.) Value of the test statistic d. At the 0.05 significance level, is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? (Click to select) |Ho There is (Click to select) v evidence to conclude that the cost is less than $10,000. Mc