Question

In a recent year, 4 out of 5 movies cost between $50 and $99 million to make. At this rate, how many movies in a year with 512 releases would you predict to cost between $50 and $99 million to make

Answer 1

Explanation:

In a recent year, 4 out of 5 movies cost between $50 and $99 million to make. It means that the probability that the cost of making a movie will be between $50 and $99 million is 4/5. This is the probability of success. The expected number of movies from a total of 512 releases in a year that would cost between $50 and $99 million would be the product of the probability of success and the number of movies. It becomes

4/5 × 512 = 409.6

Approximately 410 movies