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.)