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Reject fandango claim

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Reference no: EM132030691

Fandango claim's that the average cost of a movie ticket is at least $8.75 for an adult, with a known variance of $0.25. To test this claim, a random sample of 75 tickets had a mean of $8.06. There is no reason to think the variance is any different in the sample. Based upon this information, can we reject Fandango's claim at the 5% level of significance.

Reference no: EM132030691

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