Marvel Studio’s motion picture Guardians of the Galaxy opened over the first two daysof the 2014 Labor Day weekend to a record-breaking $94.3 million in ticket sales revenuein North America (the hollywood reporter, August 3, 2014). The ticket sales revenue indollars for a sample of 30 theaters is as follows.a. What is the 95% confidence interval estimate for the mean ticket sales revenue pertheater? Interpret this result.b. Using the movie ticket price of $8.11 per ticket, what is the estimate of the meannumber of customers per theater?c. The movie was shown in 4080 theaters. Estimate the total number of customers whosaw Guardians of the Galaxy and the total box office ticket sales for the weekend

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Average

In mathematics, everyone must have heard the term average in one place or other. Almost all types of calculation require taking out an average. In everyday life, the term is used for denoting a certain amount that can be said to be a typical quantity for multiple people or objects. In other words, if a group of people possesses a certain object, then the average gives us an idea regarding the quantity of the object possessed by each person. However, this is solely based on mathematical calculation. It is important to note that most people will not strictly have the average value in a group.