The average production cost for major movies is 65 million dollars and the standard deviation is 19 million dollars. Assume the production cost distribution is normal. Suppose that 43 randomly selected major movies are researched. Answer the following questions. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X N( 65 b. What is the distribution of ? N 65 c. For a single randomly selected movie, find the probability that this movie's production cost is between 59 and 62 million dollars. 0.0612 19 2.8975 d. For the group of 43 movies, find the probability that the average production cost is between 59 and 62 million dollars. e. For part d), is the assumption of normal necessary? No Yes Question Help: Written Example Message instructor Submit Question
The average production cost for major movies is 65 million dollars and the standard deviation is 19 million dollars. Assume the production cost distribution is normal. Suppose that 43 randomly selected major movies are researched. Answer the following questions. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X N( 65 b. What is the distribution of ? N 65 c. For a single randomly selected movie, find the probability that this movie's production cost is between 59 and 62 million dollars. 0.0612 19 2.8975 d. For the group of 43 movies, find the probability that the average production cost is between 59 and 62 million dollars. e. For part d), is the assumption of normal necessary? No Yes Question Help: Written Example Message instructor Submit Question
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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