Cost of Making a Movie During a recent year the average
Chapter 8, Problem 13(choose chapter or problem)
Cost of Making a Movie During a recent year the average cost of making a movie was $54.8 million. 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 0.05 level of significance, can it be concluded that it costs more than average to produce an action movie? Source: New York Times Almanac.
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