Last year the average cost of making a movie was $54.8million.This year a random sample of 15 recent action movies had an average production cost of $62.3 million with a variance of $ 90.25 million. At the 0.01 level of significance, can it be concluded that it cost more than average to produce an action movie?

Last year the average cost of making a movie was $54.8million.This year a random sample of 15 recent action movies had an average production cost of $62.3 million with a variance of $ 90.25 million. At the 0.01 level of significance, can it be concluded that it cost more than average to produce an action movie?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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