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During a recent year the average cost of making a movie was $54.8 million. This year,...

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 sample variance of $90.25 million. At an alpha of 0.05 level of significance, can it be concluded that it costs $54.8 million to produce an action movie?

Math   Statistics-And-Probability   
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