Answer:
9.34%
Step-by-step explanation:
p = 4%, or 0.04
n = Sample size = 667
u = Expected value = n * p = 667 * 0.04 = 26.68
SD = Standard deviation =
= 5.06
Now, the question is if the manager is correct, what is the probability that the proportion of flops in a sample of 667 released films would be greater than 5%?
This statement implies that the p-vlaue of Z when X = 5% * 667 = 33.35
Since,
Z = (X - u) / SD
We have;
Z = (33.35 - 26.68) / 5.06
Z = 1.32
From the Z-table, the p-value of 1.32 is 0.9066
1 - 0.9066 = 0.0934, or 9.34%
Therefore, the probability that the proportion of flops in a sample of 667 released films would be greater than 5% is 9.34%.
Mean is all the data added up and divided by how many numbers there are
Median is when you sort the numbers in order from smallest to largest and the one in the middle, if there are two in the middle find the average
Mode is number ir numbers that appears the most
Tell me if you want the answer
1.8 is the square root of 3.24