The movie industry is a competitive business
Type of service: Academic Writing
Work type: Case study
Format: APA
Pages: 1 pages ( 275 words, Double spaced
Academic level: Undergrad. (yrs 1-2)
Discipline: Business Studies
Title: Case Study
Number of sources: 0
Paper instructions:
The movie industry is a competitive business. More than 50 studios produce hundreds of new movies for theater release each year, and the financial success of each movie varies considerably. The opening weekend gross sales ($ millions), the total gross sales ($ millions), the number of theaters the movie was shown in, and the number of weeks the movie was in release are common variables used to measure the success of a movie. Data on the top 100 grossing movies released in 2016 (Box Office Mojo website) are contained in the file Movies2016. Table 3.10 shows the data for the first 10 movies in this file.
Managerial Report
Use the numerical methods of descriptive statistics presented in this chapter to learn how these variables contribute to the success of a movie. 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 movie industry.
What movies, 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.
