Question
In: Statistics and Probability
The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
The number of "destination weddings" has skyrocketed in recent years. For example, 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 $30,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.05 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised? 28.5 29.5 29.9 30.2 29.2 30.4 29.0 28.9 How can I calculate in excel?
a.) State the null hypothesis and the alternate hypothesis.
b.) State the decision rule for 0.05 significance level.
c.) Compute the value of the test statistic.
d.) What is the conclusion regarding the null hypothesis.( Do not reject-reject) H0. The cost is (less/not less) than $30,000.
Solutions
orchestra answered 2 years agoRelated Solutions
The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
The number of "destination weddings" has skyrocketed in recent
years. For example, 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 $30,000. Listed below is a total cost in $000 for a sample of
8 Caribbean weddings. At the 0.10 significance level, is it
reasonable to conclude the mean wedding cost is less than $30,000
as advertised? 30.3 30.0...
The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
The number of "destination weddings" has skyrocketed in recent
years. For example, 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 $30,000. Listed below is a total cost in $000 for a
sample of 8 Caribbean weddings. At the 0.01 significance level, is
it reasonable to conclude the mean wedding cost is less than
$30,000 as advertised?
28.6
31.4...
The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
The number of "destination weddings" has skyrocketed in recent
years. For example, 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 $30,000. Listed below is a total cost in $000 for a sample of
8 Caribbean weddings. At the 0.10 significance level, is it
reasonable to conclude the mean wedding cost is less than $30,000
as advertised?
...
The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
The number of "destination weddings" has skyrocketed in recent
years. For example, 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 $30,000. Listed below is a total cost in $000 for a
sample of 8 Caribbean weddings. At the 0.05 significance level, is
it reasonable to conclude the mean wedding cost is less than
$30,000 as advertised?
29.1
30.3...
Exercise 10-45 (LO10-6) The number of "destination weddings" has skyrocketed in recent years. For example, many...
Exercise 10-45 (LO10-6)
The number of "destination weddings" has skyrocketed in recent
years. For example, 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 $30,000. Listed below is a total cost in $000 for a
sample of 8 Caribbean weddings. At the 0.05 significance level, is
it reasonable to conclude the mean wedding cost is less than
$30,000 as...
The cost of a wedding has skyrocketed in recent years. As a result, many couples are...
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:
$10.0
$9.4
$9.9
$9.4
$9.4
$9.1
$10.9
$10.7
a. State the null hypothesis and the alternate
hypothesis. (Enter the final answers in...
The cost of a wedding has skyrocketed in recent years. As a result, many couples are...
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:
$9.7
$10.2
$9.1
$10.6
$9.3
$10.1
$11.0
$9.8
a. State the null hypothesis and the alternate
hypothesis. (Enter the final answers in...
The cost of weddings in the United States has skyrocketed in recent years. As a result,...
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 0.025 significance level is
it reasonable to conclude the mean wedding cost is less than
$10,000...
The cost of weddings in the United States has skyrocketed in recent years. As a result,...
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 .01 significance level
is it reasonable to conclude the mean wedding cost is less than
$10,000...
In recent years, the number of the working mothers has increased at AGE limited and they...
In
recent years, the number of the working mothers has increased at
AGE limited and they struggle to balance their time between work
and family responsibilities. As a result, their morale is low and
they are not motivated to work. Discuss four techniques Tom can
apply in motivating working mothers in the company.
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