average production cost for major movies is 59 million dollars and the standard deviation is 23 million dollars. Assume the production cost distribution is normal. Suppose that 49 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( b. What is the distribution of ? - N( c. For a single randomly selected movie, find the probability that this movie's production cost is between
average production cost for major movies is 59 million dollars and the standard deviation is 23 million dollars. Assume the production cost distribution is normal. Suppose that 49 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( b. What is the distribution of ? - N( c. For a single randomly selected movie, find the probability that this movie's production cost is between
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![average production cost for major movies is 59 million dollars and the standard deviation is 23 million
dollars. Assume the production cost distribution is normal. Suppose that 49 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(
b. What is the distribution of ? ¤ - N(
c. For a single randomly selected movie, find the probability that this movie's production cost is between
57 and 62 million dollars.
d. For the group of 49 movies, find the probability that the average production cost is between 57 and 62
million dollars.
e. For, part d), is the assumption of normal necessary? O Yes No](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f725b05-6985-474e-a031-937034e54c0f%2F31f4c766-4132-459c-ab57-558db65e18fd%2Fwh9oqlr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:average production cost for major movies is 59 million dollars and the standard deviation is 23 million
dollars. Assume the production cost distribution is normal. Suppose that 49 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(
b. What is the distribution of ? ¤ - N(
c. For a single randomly selected movie, find the probability that this movie's production cost is between
57 and 62 million dollars.
d. For the group of 49 movies, find the probability that the average production cost is between 57 and 62
million dollars.
e. For, part d), is the assumption of normal necessary? O Yes No
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