Answer:
Based on the findings, we infer that the average cost of a wedding is lower than the $30,000 that was initially suggested.
Step-by-step explanation:
The following data set is provided: (in thousands)
29100, 28500, 28800, 29400, 29800, 29800, 30100, 30600
Formula:

where
denotes data points,
represents the mean, and n indicates the number of samples.


The sum of squares of the differences equals 3408750

The population mean, μ = $30,000
The sample mean,
= $29512.5
Sample size, n = 8
Alpha, α = 0.05
Sample standard deviation, s = $697.82
Initially, we formulate the null hypothesis and the alternative hypothesis.
A one-tailed t-test will be conducted for this analysis.
Formula:

<pinserting the="" values="" we="" derive="">

<pnow>

<pgiven the="" situation="">

<pwe do="" not="" accept="" the="" null="" hypothesis="" and="" reject="" it.="">
Thus, we conclude that the average wedding cost is indeed less than the advertised $30,000.
</pwe></pgiven></pnow></pinserting>