Case Study 1: Motion Picture Industry

1477 Words Mar 22nd, 2015 6 Pages
MANAGERIAL REPORT
Case Study: Motion Picture Industry
Assignment 1

Prepared By:

Table of Contents Introduction 3 Executive Summary 3 Data and General Analysis 4 CONCLUSIONS 12 Integrity Statement 13 Works Cited 13

Executive Summary

In this report we will show, via descriptive statistics, how independent variables appear to contribute to the success of motion pictures. Using data collected from a sample of 100 motion pictures produced in 2005, we utilize the following variables: Opening Weekend Gross Sales (in millions of dollars); Total Gross Sales (in millions of dollars); Number of Theaters, and; Weeks in Top 60, to graphically depict their contribution to that success.
We will also display the data in
…show more content…
Where appropriate, brief discussion and analysis for each of the variables is presented.

Table 1.1 Summary Data Element of Analysis | Opening Weekend Gross Sales($Millions) | Total GrossSales($Millions) | Number of Theaters | WeeksinTop 60 | Mean (Average) | 9.37 | 33.04 | 1277.94 | 8.68 | Median | 0.39 | 5.85 | 410 | 7 | Mode | 0.04 | 0.13 | 15 | 1 | Standard Deviation | 18.87 | 63.16 | 1378.69 | 6.39 | Sample Variance | 356.25 | 3989.78 | 1848775.07 | 40.83 | Range | 108.43 | 380.15 | 3905 | 26 | Minimum | 0.01 | 0.03 | 5 | 1 | Maximum | 108.44 | 380.18 | 3910 | 27 | Sum | 937.43 | 3303.84 | 127794 | 868 | Count | 100 | 100 | 100 | 100 |

Opening Weekend Gross Sales
As shown in the histogram (Figure 1-1), we can see that seventy (70) of the motions pictures from the sample made $10 million dollars or less in Opening Weekend Gross Sales. There are only three motion pictures, “Star Wars: Episode 3,” “Harry Potter and the Goblet of Fire,” and “War of the Worlds” that made more than $70 million dollars in Opening Weekend Gross Sales. These three (3) motion pictures are considered outliers in the data set. The class size is $10 million and the histogram presents right-skewed distribution. This is due to a few large values driving the mean upward, but subsequently having no affect on the median.
Figure 1-1

Weeks in Top 60 | Count of Weeks in Top 60 | Relative Frequency | Percent