According to Deadline.com, the average price for a movie ticket in 2018 was $8.97. A random sample
Question:
According to Deadline.com, the average price for a movie ticket in 2018 was $8.97. A random sample of movie prices in the San Francisco Bay Area 25 movie ticket prices had a sample mean of $12.27 with a standard deviation of $3.36.
a. Do we have evidence that the price of a movie ticket in the San Francisco Bay Area is different from the national average? Use a significance level of 0.05.
b. Construct a 95% confidence interval for the price of a movie ticket in the San Francisco Bay Area. How does your confidence interval support your conclusion in part a?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introductory Statistics Exploring The World Through Data
ISBN: 9780135163146
3rd Edition
Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan
Question Posted: