Question:

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

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