Statistics - Descriptive Statistics Projects

Case Problem - Motion Picture Industry The motion picture industry is a competitive business. More than

Case Problem – Motion Picture Industry

The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and the financial success of each motion picture varies considerably. The opening weekend gross sales, the total gross sales, the number of theaters the movie was shown in, and the number of weeks the motion picture was in the top 60 for gross sales are common variables used to measure the success of a motion picture. Data collected for a sample of 100 motion pictures produced in 2005 are contained in the file named Movies. Table 3.15 shows the data for the first 10 motion pictures in the file.

Motion Picture	Opening Gross	Total Gross	Number of Theaters	Weeks in Top 60
Coach Carter	29.17	67.25	2,574	16
Ladies in Lavender	0.15	6.65	119	22
Batman Begins	48.75	205.28	3,858	18
Unleashed	10.90	24.47	1,962	8
Pretty Persuasion	0.06	0.23	24	4
Fever Pitch	12.40	42.01	3,275	14
Harry Potter and the Goblet of Fire	102.69	287.18	3,858	13
Monster-in-Law	23.11	82.89	3,424	16
White Noise	24.11	55.85	2,279	7
Mr. and Mrs. Smith	50.34	186.22	3,451	21

Managerial Report

Use the numerical methods of descriptive statistics presented in this chapter to learn how these variables contribute to the success of a motion picture. Include the following in your report.

Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the motion picture industry.
What motion pictures, if any, should be considered high-performance outliers? Explain.
Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.

Price: $14.07

Solution: The downloadable solution consists of 9 pages, 507 words and 9 charts.
Deliverable: Word Document