Aravind Productions (AP) is a newly formed movie production house based out of Mumbai, India. AP was interested in understanding the production cost required for producing a Bollywood movie. The industry believes that the production house will require at least INR 500 million (50 crore) on average. It is assumed that the Bollywood movie production cost follows a normal distribution. Production cost of 40 Bollywood movies in millions of rupees are shown in Table 6.7. Conduct an appropriate hypothesis test at a = 0.05 to check whether the belief about average production cost is correct. Production cost of Bollywood movies 601 627 330 364 562 353 583 254 528 470 125 60 101 is Aytics-The Science of Data Dri Decision Making 110 60 252 281 227 408 601 593 729 402 530 708 599 484 439 402 762 292 636 444 286 636 667 252 335 457 632