Case Problem # 1
Motion Picture Industry
In partial fulfillment of the course requirements in CPROBS1
Group 5 C31
Barandiaran, Vicente Laurel
Sy, Martin Eldridge
Waga, Czarina Theresa
September 1, 2015
MOTION PICTURE INDUSTRY
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 ($millions), the total gross sales ($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…show more content… 3. A scatter diagram to explore the relationship between Total Gross Sales and Number of Theaters. Discuss. 4. A scatter diagram to explore the relationship between Total Gross Sales and Number of Weeks in the Top 60. Discuss.
1. Tabular and graphical summaries for each of the four variables along with a discussion of what each summary tells us about the motion picture industry.
Opening Weekend Gross Sales ($Millions) | Frequency | 0-20.50 | 4 | 20.51-41.00 | 3 | 41.01-61.50 | 2 | 61.51-82.00 | 0 | 82.01-102.50 | 0 | 102.51-123.00 | 1 |
Table 1: Frequency of Motion Pictures in Opening Weekend Gross Sales
Figure 1: Frequency of Motion Pictures in Opening Weekend Gross Sales
It is highly noticeable that most of the motion pictures fall within the 0 - 20.50 opening weekend gross sales mark which is the lowest of all 6 classes. Only 1 motion picture was able to reach the highest class and garnering between $102.51-123.00 M in gross sales in its opening weekend. This is a huge sign that the motion picture industry is highly competitive and would entail that movies would have to reach a certain standard for it to be highly sought after during its first weekend.
Total Gross Sales ($millions) | Frequency | 0-50 | 4 | 50.01-100 | 3 | 100.01-150 | 0 | 150.01-200 | 1 | 200.01-250 | 1 | 250.01-300 | 1 |
Table 2: Frequency of Motion Pictures in Total Gross Sales
Figure 2: Frequency of Motion Pictures on Total Gross Sales