The average production cost for major movies is 57 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal and 18 randomly selected major movies are researched. Answer the following questions. If necessary, round your answers to 4 decimal places. a) For a single randomly selected movie, find the probability that this movie's production cost is between 52 and 55 million dollars. b) For the group of 18 movies, find the probability that the average production cost is between 52 and 55 million dollars.
The average production cost for major movies is 57 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal and 18 randomly selected major movies are researched. Answer the following questions. If necessary, round your answers to 4 decimal places. a) For a single randomly selected movie, find the probability that this movie's production cost is between 52 and 55 million dollars. b) For the group of 18 movies, find the probability that the average production cost is between 52 and 55 million dollars.
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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Transcribed Image Text:The average production cost for major movies is 57 million dollars and the standard deviation is 18
million dollars.
Assume the production cost distribution is normal and 18 randomly selected major movies are
researched.
Answer the following questions. If necessary, round your answers to 4 decimal places.
a) For a single randomly selected movie, find the probability that this movie's production cost is between
52 and 55 million dollars.
b) For the group of 18 movies, find the probability that the average production cost is between 52 and 55
million dollars.
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