Suppose the movie theatre box office of a new film to be released is predicted to follow a Normal distribution, with mean equals 100 million dollars and standard deviation equals 20 million dollars. What is the probability that the box office will be at least 70 million? What is the probability that the box office will be either more than 70 million or less than 40 million dollars? There is 80% probability that the box office will be greater than or equal to million. (NOTE: Round your answers to 2 decimal places. Do not type in any non-integer symbol or text other than decimal.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
icon
Related questions
Question
Suppose the movie theatre box office of a new film to be released is predicted to follow a Normal distribution, with mean equals 100 million dollars and standard
deviation equals 20 million dollars.
What is the probability that the box office will be at least 70 million?
What is the probability that the box office will be either more than 70 million or less than 40 million dollars?
There is 80% probability that the box office will be greater than or equal to
million.
(NOTE: Round your answers to 2 decimal places. Do not type in any non-integer symbol or text other than decimal.)
Transcribed Image Text:Suppose the movie theatre box office of a new film to be released is predicted to follow a Normal distribution, with mean equals 100 million dollars and standard deviation equals 20 million dollars. What is the probability that the box office will be at least 70 million? What is the probability that the box office will be either more than 70 million or less than 40 million dollars? There is 80% probability that the box office will be greater than or equal to million. (NOTE: Round your answers to 2 decimal places. Do not type in any non-integer symbol or text other than decimal.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer