Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. the motion picture industry is a competitive busin

The motion picture industry is a competitive business. More than 50 studios produce several hundred new...

50.1K

Verified Solution

Question

Statistics

The motion picture industry is a competitive business. More than50 studios produce several hundred new motion pictures each year,and the financial success of the motion pictures variesconsiderably. The opening weekend gross sales, the total grosssales ($ millions), the total gross sales ($millions), the numberof theaters the movie was shown in, and the number of weeks themotion picture was in release are common variables used to measurethe success of a movie. Data on the top 100 grossing motionpictures released in 2016 (Box Office Mojo website) are containedin a file named Movies2016. Table 3.10 below shows the data for thefirst 10 motion pictures in this file.

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

1. Descriptive statistics for each of the four variables alongwith a discussion of what the descriptive statistics tell us aboutthe motion picture industry.

2. What motion pictures, if any, should be consideredhigh-performance outliers? Explain.

3. Descriptive statistics showing the relationship between totalgross sales and each of the other variables. Discuss.

Answer & Explanation Solved by verified expert
3.9 Ratings (457 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

The diagonal of a square is 381 What is the length of a side

Advance Math
1.2K views

1) a) Prove that the union of two countable sets is countable. b) Prove that the union...

Basic Math
1.2K views

“Learn to Write A Great Country Song” has become the top selling book and Shania wanted...

Biology
1.2K views

Why do we draw our specimens in a circle when using a microscope?It indicates the...

Biology
1.2K views

13 The maximum buffering capacity of a buffer is nearest the pka of the buffer...

Biology
1.2K views

Select the correct text in the passage.Which sentence in this story from Aesop's Fables portrays...

Biology
1.2K views

2 of 3 The Mechanism BioFlix tutorial Meiosis I Meiosis II

Basic Math
1.2K views

Suppose that there are two types of tickets to a show advance and same day...

Accounting
1.2K views

ment tatement Analysis of Financial Position....

Accounting
1.2K views

the last part of b is wrong its not 9.68 gallons...

Accounting
1.2K views

Anita Vasquez received $200,000 from her mother

Accounting
1.2K views

Current Attempt in Progress Your answer is partially correct. Maria is hoping that an investment...