What Is an Average Budget for a Hollywood Movie?

The datasetHollywoodMoviescontains information on more than 900 movies that came out of Hollywood between 2007 and 2013. We will consider this the population of all movies produced in Hollywood during this time period.

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(a) Give the notation for the mean for the budgets (in millions of dollars) of all Hollywood movies between 2007 and 2013.

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(b) Find the mean and standard deviation for the budgets (in millions of dollars) of all Hollywood movies between 2007 and 2013.

Round your answers to two decimal places.

Mean =Enter your answer in accordance to item (b) of the question statement

million dollars

Standard deviation =Enter your answer in accordance to item (b) of the question statement

million dollars

(c) UseStatKeyor other technology to generate a sampling distribution for the sample mean of budgets of Hollywood movies during this period using a sample size ofn

=

20

. Give the center of the sampling distribution and give the standard error.

Round your answers to the nearest integer.

Center =Enter your answer in accordance to item (c) of the question statement

million dollars

Standard error =Enter your answer in accordance to item (c) of the question statement

million dollars