The average production cost for major movies is 69 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 8 randomly selected major movies are researched. Answer the following questions. Round all answers to 4 decimal places where possible. What is the distribution of XX? XX ~ N What is the distribution of ¯xx¯? ¯xx¯ ~ N For a single randomly selected movie, find the probability that this movie's production cost is between 64 and 70 million dollars.
The average production cost for major movies is 69 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 8 randomly selected major movies are researched. Answer the following questions. Round all answers to 4 decimal places where possible. What is the distribution of XX? XX ~ N What is the distribution of ¯xx¯? ¯xx¯ ~ N For a single randomly selected movie, find the probability that this movie's production cost is between 64 and 70 million dollars.
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
Related questions
Question
The average production cost for major movies is 69 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 8 randomly selected major movies are researched. Answer the following questions. Round all answers to 4 decimal places where possible.
- What is the distribution of XX? XX ~ N
- What is the distribution of ¯xx¯? ¯xx¯ ~ N
- For a single randomly selected movie, find the probability that this movie's production cost is between 64 and 70 million dollars.
- For the group of 8 movies, find the probability that the average production cost is between 64 and 70 million dollars.
- For part d), is the assumption of normal necessary?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 1 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill