The average production cost for major movies is 58 million

Last updated: 11/1/2023

The average production cost for major movies is 58 million dollars and the standard deviation is 19 million dollars Assume the production cost distribution is normal Suppose that 8 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 a What is the distribution of X X NO 58 b What is the distribution of N 58 6 7175 O OB c For a single randomly selected movie find the probability that this movie s production cost is between 55 and 59 million dollars 19 0 OF d For the group of 8 movies find the probability that the average production cost is between 55 and 59 million dollars