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Use the numerical methods of descriptive statistics (Measures of Location and Variability) discussed last meeting...

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Accounting

Use the numerical methods of descriptive statistics (Measures of Location and Variability) discussed last meeting to describe the different numeric measures of success of the 2011 movies in the dataset.

1. What do central tendencies for each variable mean?

2. Use 80th percentiles for all 4 variables. Explain what does it mean for each variable.

3. What movies, if any, should be considered high-performance outliers? (ex. Earned most sales, longest movie in theaters, etc.) Explain using other Descriptive Stats.

4. Can you see any observable patterns across the variables? For example, does the number of weeks that the movie was released plays a role on a movies Total Gross Sales? How about Number of Theaters that showed the movie? How about the Opening Gross Sales? Discuss.

5. Bonus: Do you have any favorite movies from this list? Why was it your favorite? How did your favorite movie performed compared to other movies shown in year 2011? Do you think its justifiable?

6. Gather data about the new Justice League movie, describe the impact of the movie using quantitative measures we used in class. Use chart and tables to augment your analysis.

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