The average production cost for major movies is 57 million dollars and the standard deviation is 19 million dollars. Ass
Posted: Mon Jul 11, 2022 11:43 am
questions. Give your answers in millions of dollars, not dollars. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X-NO b. What is the distribution of a? - N c. For a single randomly selected movie, find the probability that this movie's production cost is between 52 and 54 million dollars. d. For the group of 11 movies, find the probability that the average production cost is between 52 and 54 million dollars. e. For part d), is the assumption of normal necessary? Yes No
The average production cost for major movies is 57 million dollars and the standard deviation is 19 million dollars. Assume the production cost distribution is normal. Suppose that 11 randomly selected major movies are researched. Answer the following