Answer:
There is no sufficient evidence to support the claim that wedding cost is less than $30000.
Step-by-step explanation:
Values (x) ∑(Xi-X)^2
----------------------------------
29.1 0.1702
28.5 1.0252
28.8 0.5077
29.4 0.0127
29.8 0.0827
29.8 0.0827
30.1 0.3452
30.6 1.1827
----------------------------------------
236.1 3.4088
Mean = 236.1 / 8 = 29.51
Statement of the null hypothesis:
H0: u ≥ 30 the mean wedding cost is not less than $30,000
H1: u < 30 the mean wedding cost is less than $30,000
Test Statistic:
Test criteria:
SIgnificance level = 0.05
Degrees of freedom = df = n - 1 = 8 - 1 = 7
Reject null hypothesis (H0) if
Finding in the t distribution table α=0.05 with df=7, we have
= -1.9861 > -2.365
Result: Fail to reject null hypothesis
Conclusion: Do no reject the null hypothesis
u ≥ 30 the mean wedding cost is not less than $30,000
There is no sufficient evidence to support the claim that wedding cost is less than $30000.
Hope this helps!