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Motion Picture Case Study

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Case Problem 2: Motion Picture Industry

This case provides the opportunity to use numerical methods to continue the analysis of the motion picture industry data from chapter 2. Using descriptive statistics such as the mean, median, standard deviation and range. Five-number summaries and identification of outliers are also used.

Descriptive Statistics

Variable | N | Mean | Median | Standard Deviation | Range | Opening Gross | 100 | 9.37 | 0.39 | 18.8747021 | 108.43 | Total Gross | 100 | 33.04 | 5.85 | 63.1646927 | 380.15 | Number of Theaters | 100 | 1278 | 410 | 1378.68944 | 3905 | Weeks in Top 60 | 100 | 8.68 | 7 | 6.8 | 26 | | | | | | | Variable | Minimum | Q1 | Median | Q3 | Maximum | Opening Gross | 0.01 | 0.06375 | 0.39 | 12.43025 | 108.44 | Total Gross | 0.03 | 0.04275 | 5.85 | 47.43475 | 380.18 | Number of Theaters | 0.03 | 45.75 | 410 | 2626.5 | 3910 | Weeks in Top 60 | 5 | 3 | 7 | 13 | 27 |

Interpretation

Opening Gross Sales

The mean opening gross sales is $9.37 million. The five-number summery is .01, .0637, .039, 12.43 and 108.44. This data shows that the opening gross sales is extremely variable and ranges from $10,000 to $108.44 million. 50% of the motion pictures had an opening gross sales of less then $395,000 or less. The top 25% of the motion pictures had opening gross sales of $12.49 million or more.

Total Gross Sales

The mean total gross sales are $33.04 million. The five-number summary is .03, .04275, 5.85, 47.43 and 380.18. The data shows that the total gross salary is also very variable ranging from $30,000 to $380.18 million. 50% of the motion pictures had a total gross sales $5.85 million or less. The top 25% of the motion pictures had total gross sales of $47.69 million or more.

Number of theaters

The mean number of theaters is 1278 theaters. The five-number summary is 5, 45.75,

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