Use the Following Information to Answer the Question

question 60

Multiple Choice

Use the following information to answer the question. According to the website ww.costofwedding.com, the average cost of flowers for a wedding is $698. Recently, in a random sample of 40 weddings in the U.S. it was found that the average cost of the flowers was $734, with a standard deviation of $102. On the basis of this, a 95% confidence interval for the mean cost of flowers for a wedding is $701 to $767.
-Does the confidence interval provide evidence that the mean cost of flowers for a wedding has increased?

• A)Yes
• B)No

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Definitions:

Uniform Commercial Code

A set of laws that govern commercial transactions in the United States, aimed at making business laws more consistent across states.

Minor

A person under the age of legal adulthood, which varies by jurisdiction but is typically 18 years old in many countries.

Adjudicated

Having undergone a legal process by which an official decision or judgment is made regarding a dispute.

Mentally Incompetent

A legal status referring to an individual's lack of capacity to make decisions due to mental disability or illness.