Motion Picture Industy
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.
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.
1. Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the motion picture industry.
2. What motion pictures, if any, should be considered high-performance outliers? Explain.
3. Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.
Table 3.15 PEFORMANCE DATA FOR 10 MOTION PICTURES
Motion Picture Opening Weekend Total Gross Sales Number of Theatres Weeks in Top 60
Coach Carter 29.17 million 67.25 2574 16
Ladies in Lavender 0.15 million 6.65 119 22
Batman Begins 48.75 million 205.28 3858 18
Unleashed 10.90 million 24.47 1962 8
Pretty Persuasion 0.06 million 0.23 24 4
Fever Pitch 12.40 million 42.01 3275 14
Harry Potter 102.69 million 287.18 3858 13
Monster in Law 23.11 million 82.89 3424 16
White Noise 24.11 million 55.85 2279 7
Mr and Mrs Smith 50.34 million 186.22 3451 21