Answer:
$3838
Step-by-step explanation:
The mean of the given numbers is their sum divided by the number of them:
mean = (3000 +3500 +4000 +4500 +3000 +3500 +4204 +5000)/8
= 30704/8 = 3838
If Jim is using this mean for his forecast, then his forecasted sales is $3838.
Answer:
The probability that the proportion of flops in a sample of 442 released films would differ from the population proportion by greater than 4% is:
= 0.094
= 9.4%
Step-by-step Explanation:
Estimated probability that the films released are flops = 9%
Sample of released films = 442
Estimated number of flops = 39.78 (442 * 9%)
If the population proportion of flops will be greater by 4%,
Therefore, the number of flops will increase to 41.37 (39.78 * 1.04)
This gives a new proportion of flops as 0.0936 (41.37/442)
At the very least 42.15 x 2 = 84.30 + 20 =104.30 + taxes
