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The average production cost for major movies is 66 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 50 randomly selected major movies are researched. Answer the following questions. Give your answers in millions of dollars, not dollars. Round all answers to 4 decimal places where possible.

The average production cost for major movies is 66 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 50 randomly selected major movies are researched. Answer the following questions. Give your answers in millions of dollars, not dollars. Round all answers to 4 decimal places where possible.

MATLAB: An Introduction with Applications
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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b. What is the distribution of ? - NO c. For a single randomly selected movie, find the probability that this movie's production cost is between 67 and 71 million dollars. d. For the group of 50 movies, find the probability that the average production cost is between 67 and 71 million dollars.
Transcribed Image Text:b. What is the distribution of ? - NO c. For a single randomly selected movie, find the probability that this movie's production cost is between 67 and 71 million dollars. d. For the group of 50 movies, find the probability that the average production cost is between 67 and 71 million dollars.
The average production cost for major movies is 66 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 50 randomly selected major movies are researched. Answer the following questions. Give your answers in millions of dollars, not dollars. Round all answers to 4 decimal places where possible.
Transcribed Image Text:The average production cost for major movies is 66 million dollars and the standard deviation is 18 million dollars. Assume the production cost distribution is normal. Suppose that 50 randomly selected major movies are researched. Answer the following questions. Give your answers in millions of dollars, not dollars. Round all answers to 4 decimal places where possible.
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