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.
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.
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.
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
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.movies.xlsx
Be sure that your report contains the following:
A title page
A body of the paper that answers the questions posed in the problem and calculations and graphs associated with this problem.
A conclusion paragraph that addresses your findings and what you have determined from the data and your analysis.