A Producer Has a History of Making Bad Movies

question 72

Short Answer

A producer has a history of making bad movies. The movies he has produced have averaged $160,000 dollars at the box office with a standard deviation of $185,000. He thinks his latest movie will be a huge hit. How much will the movie earn at the box office if it is only expected to earn that much or more 0.5% of the time? (Assume that the profit at the box office is normally distributed.)

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Definitions:

Social Behavior

Actions or reactions of an individual in response to external or internal stimuli, within a social context.

Elders

Older individuals, often regarded with respect or veneration, who may hold positions of authority or influence within a community or family.

Interdependence

A relationship between individuals or groups that is mutually reliant, where actions of one party impact the other.

Human Experience

The broad range of events, emotions, and activities that encompass what it means to be human.