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Descriptive statistics Problem

Question # 00013387
Subject: Mathematics
Due on: 05/12/2014
Posted On: 04/24/2014 03:11 PM

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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 open are common variables used to measure the success of a motion picture. Data collected for a sample of 100 motion pictures produced in 20XX are contained in the file named Movies. Use all 100 data points.

Managerial Report

Prepare a report (see below) using the numerical methods of descriptive statistics presented in this module to learn how the variables contribute to the success of a motion picture. Be sure to include the following three (3) items in your report.

Descriptive statistics (5-number summary, mean, mode, range and standard deviation) for each of the four variables along with an explanation of what the descriptive statistics tell us about the motion picture industry.

What motion pictures, if any, should be considered high-performance outliers in each of the four variables? If there are any outliers in any category, please list them and state for which category they are an outlier. Describe which method you used to determine if there were or not.

Descriptive statistics (correlation coefficient) showing the relationship between total gross sales and each of the other three variables. Please provide an explanation of the relationships.

Tags problem statistics descriptive motion picture variables statistics pictures total sales succe outliers number explanation category descriptive data used deviation mode range standard reportdescriptive include sure contribute following items summary 5number mean considered coefficient

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Tutorial Preview …was xxxxxxxxxx an xxxxxxx High performers xx green; low xxxxxxxxxx in xxxxxxxxxx xxxxxxxxxx GROSSMovieValueMovieValueIron xxxxxxxxxxxxxxxxxxxx Jones and xxx Kingdom of xxx Crystal xxxxxxxxxxxxxxxxxxxxxxx xxxxx and xxx Kingdom of xxx Crystal Skull100,137,835Iron xxxxxxxxxxxxxxxxx Dark xxxxxxxxxxxxxxxxxxxx xxxx Knight533,345,358CorrelationsTotal xxxxx sales withOpening xxxxxxxxxxxxxxxxxxx 9213803930 6286209550 xxxxxxxxxxxx 3 xx xxxxx variables xxxx a positive xxxxxxxxxxx with total xxxxx salesThe xxxxxxxxx xxxxxxxxxxx is xxxx…
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Descriptive_statistics_Problem_Solution-_The_motion_picture_industry.xlsx (19.39 KB)
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