In: Math
Part 2: For each hypothesis question (6 - 8): (a) state the
claim mathematically, (b) identify the null and
alternate hypotheses, (c) determine the type of test to be used,
(d) calculate the test statistic, (e) use
either the p-value or critical region method to test the claim, (f)
determine whether to reject or fail to
reject the Null Hypothesis, (g) state your conclusion.
6. 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?