Question

In: Statistics and Probability

The motion Picture Industry is a competitive business. More than 50 studios produce a total of...

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 financial success of each motion picture 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 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 'Motion Pictures' table below.

Use the tabular, graphical and numerical methods of descriptive statistics to learn how these variables contribute to the success of a motion picture. Include the following in you report.

a) Tabular and graphical summaries for each of the four variables along with what each summary tells us about the motion picture industry.

b) A scatter diagram to explore the relationship between Total Gross Sales and Opening Weekend Gross Sales. What do you see?

c) A scatter diagram to explore the relationship between Total Gross Sales and Number of theaters. What do you see?

d) A scatter diagram to explore the relationship between Total Gross Sales and Number of Weeks in Top 60. What do you see?

e) Descriptive statistics for each of the four variables along with discussion of what the descriptive statistics tell us about the industry.

f) What motion pictures, if any, should be considered high-performance outliers? Explain.

Motion Picture

Opening Gross

Total Gross

Number of Theaters

Weeks in Top 60

Coach Carter

29.17

67.25

2,574

16

Ladies in Lavender

0.15

6.65

119

22

Batman Begins

48.75

205.28

3,858

18

Unleashed

10.90

24.47

1,962

8

Pretty Persuasion

0.06

0.23

24

4

Fever Pitch

12.40

42.01

3,275

14

Harry Potter and the Goblet of Fire

102.69

287.18

3,858

13

Monster-in-Law

23.11

82.89

3,424

16

White Noise

24.11

55.85

2,279

7

Mr. and Mrs. Smith

50.34

186.22

3,451

21

Be Cool

23.45

55.81

3,216

8

Modigliani

0.03

0.13

9

4

Flightplan

24.63

89.69

3,424

21

Steamboy

0.14

0.36

46

3

Lost Embrace

0.02

0.05

5

1

Kung Fu Hustle

0.27

17.08

2,503

16

Howl's Moving Castle

0.43

4.61

202

11

War of the Worlds

77.06

234.21

3,910

19

Balzac and the Little Chinese Seamstress

0.02

0.42

22

6

Lords of Dogtown

5.62

11.01

1,865

4

The Baxter

0.04

0.04

47

1

The Amityville Horror

23.51

64.26

3,323

6

House of Wax

12.08

32.05

3,111

12

Uncle Nino

0.17

0.17

189

1

Separate Lies

0.07

0.85

127

6

Thumbsucker

0.09

1.23

330

6

Sons of Provo

0.03

0.03

7

1

Kingdom of Heaven

19.64

47.31

3,219

12

Mrs. Henderson Presents

0.06

4.36

260

10

Casanova

0.23

11.24

1,011

8

The World's Fastest Indian

0.40

0.87

121

2

Alone in the Dark

2.83

5.13

2,124

3

Get Rich or Die Tryin'

12.02

30.97

1,666

11

Cheaper by the Dozen 2

15.34

80.83

3,211

8

Red Eye

16.17

57.86

3,134

8

Mughal-e-Azam

0.06

0.11

32

2

Head On

0.02

0.11

5

3

The Thing About My Folks

0.24

0.78

145

4

Lucky

0.15

0.15

44

1

Broken Flowers

0.78

13.65

433

12

Paradise Now

0.05

1.26

65

16

Dil Jo Bhi Kahe

0.09

0.13

33

2

Look at Me

0.07

1.66

75

13

D.E.B.S.

0.06

0.06

45

1

Ek Khiladi Ek Hasina

0.08

0.08

15

1

Viruddh

0.11

0.29

37

3

Sin City

29.12

74.00

3,230

16

Bee Season

0.12

1.14

277

7

A Lot Like Love

7.58

21.84

2,502

10

First Descent

0.44

0.74

243

3

George A. Romero's Land of the Dead

10.22

20.43

2,253

6

Ong Bak: The Thai Warrior

1.34

4.51

387

8

Me and You and Everyone We Know

0.03

3.69

160

13

Caterina in the Big City

0.01

0.16

7

5

Shaadi No. 1

0.14

0.34

45

3

The Wild Parrots of Telegraph Hill

0.04

2.81

66

27

Mindhunters

1.91

4.45

1,040

5

Sahara

18.07

68.64

3,200

17

Racing Stripes

18.86

49.19

3,185

17

Mad Hot Ballroom

0.05

7.90

202

19

The Exorcism of Emily Rose

30.05

75.07

3,045

9

Nina's Tragedies

0.04

0.20

15

2

Home Delivery

0.05

0.05

15

1

Into the Blue

7.06

18.47

2,789

5

Ek Ajnabee

0.12

0.21

38

3

The Edukators

0.03

0.07

32

1

Magnificent Desolation

0.50

7.31

82

19

Memoirs of a Geisha

0.68

56.07

1,654

10

Cronicas

0.04

0.14

13

3

Bride and Prejudice

0.39

6.57

288

13

Happily Ever After

0.03

0.12

8

1

State Property 2

0.76

1.68

202

3

Star Wars: Episode III

108.44

380.18

3,663

19

Indigo

1.19

1.19

603

1

Imaginary Heroes

0.04

0.09

19

1

Cinderella Man

18.32

61.58

2,820

15

The Upside of Anger

0.21

18.74

1,166

15

The Skeleton Key

16.06

47.81

2,784

11

The Cave

6.15

14.89

2,195

6

The Family Stone

12.52

59.70

2,469

9

Jiminy Glick in La La Wood

0.03

0.03

24

1

High Tension

1.90

3.65

1,323

3

Yours, Mine and Ours

17.46

53.30

3,210

12

Wedding Crashers

33.90

209.22

3,131

23

Wallace and Gromit: Were-Rabbit

16.03

56.07

3,656

13

Three... Extremes

0.04

0.04

19

1

Nobody Knows

0.03

0.49

23

6

Capote

0.33

20.13

1,239

20

A History of Violence

0.52

31.46

1,348

19

Palindromes

0.06

0.51

46

7

The Devil's Rejects

7.07

16.90

1,757

5

The Greatest Game Ever Played

3.66

15.33

1,810

9

Proof

0.19

7.53

517

10

Walk the Line

22.35

113.63

3,160

13

Where the Truth Lies

0.14

0.82

92

4

Wolf Creek

4.91

16.04

1,761

7

My Summer of Love

0.09

0.97

63

7

The Producers

0.16

19.28

978

9

Happy Endings

0.24

1.25

74

6

Last Days

0.09

0.42

31

5

Solutions

Expert Solution

(a)

From the above boxplots we see that all four data sets are positively skewed and No. of Theaters and weeks in Top 60 have outliers.

From histograms we see that the all four data sets are positively skewed.

Stem-and-Leaf Display: Opening Gros, Total Gross, Number of Th, Weeks in Top

Stem-and-leaf of Opening Gross N = 100
Leaf Unit = 1.0


(70) 0 00000000000000000000000000000000000000000000000000000000001111234+
30 1 002222566678889
15 2 23334499
7 3 03
5 4 8
4 5 0
3 6
3 7 7
2 8
2 9
2 10 28


Stem-and-leaf of Total Gross N = 100
Leaf Unit = 10


(77) 0 00000000000000000000000000000000000000000000000000000001111111111+
23 0 5555555666677888
7 1 1
6 1 8
5 2 003
2 2 8
1 3
1 3 8


Stem-and-leaf of Number of Theaters N = 100
Leaf Unit = 100


(51) 0 000000000000000000000000000000000001111112222222334
49 0 569
46 1 001233
40 1 6677889
33 2 11224
28 2 555778
22 3 01111122222223444
5 3 66889


Stem-and-leaf of Weeks in Top 60 N = 100
Leaf Unit = 1.0


14 0 11111111111111
28 0 22223333333333
38 0 4444455555
(13) 0 6666666677777
49 0 8888889999
39 1 0000111
32 1 2222333333
22 1 455
19 1 6666677
12 1 899999
6 2 011
3 2 23
1 2
1 2 7

(b)

From above scatter plot we see that Opening Gross and total Gross are positvely correlated (since as opening gross increases total gross also increases) and strength is good. Hence these two variab les are linearly related.

(c)

From above scatter plot we see that Number of Theaters and total Gross are positvely correlated but strength is very poor (because most of the points are parallel to horizontal line). However there may be non linear relationship between these two variables.

(d)

From above scatter plot we see that Weeks in Top 60 and total Gross are positvely correlated but strength is very poor (because most of the points are parallel to horizontal line). However there may be non linear relationship between these two variables.

(e)


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