The average production cost for major movies is 60 million dollars and the standard deviation is 23 million dollars. Assume the production cost distribution is normal. Suppose that 36 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 x? ã ~ N( c. For a single randomly selected movie, find the probability that this movie's production cost is between 57 and 59 million dollars. d. For the group of 36 movies, find the probability that the average production cost is between 57 and 59 million dollars. e. For part d), is the assumption of normal necessary? OYes ONo

MATLAB: An Introduction with Applications
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The average production cost for major movies is 60
million dollars and the standard deviation is 23 million
dollars. Assume the production cost distribution is
normal. Suppose that 36 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 x? ã ~ N(
c. For a single randomly selected movie, find the
probability that this movie's production cost is
between 57 and 59 million dollars.
d. For the group of 36 movies, find the probability
that the average production cost is between 57 and
59 million dollars.
e. For part d), is the assumption of normal necessary?
OYes ONo
Transcribed Image Text:The average production cost for major movies is 60 million dollars and the standard deviation is 23 million dollars. Assume the production cost distribution is normal. Suppose that 36 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 x? ã ~ N( c. For a single randomly selected movie, find the probability that this movie's production cost is between 57 and 59 million dollars. d. For the group of 36 movies, find the probability that the average production cost is between 57 and 59 million dollars. e. For part d), is the assumption of normal necessary? OYes ONo
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