Use of Statistics to Analyze the Motion Picture Industry Essay

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Report on the Motion Picture Industry The motion picture industry is just like any other industry and to be successful it must turn a profit on the movies it creates and produces. Everyone loves movies and the motion picture industry does everything in its power to produce movies that will bring in millions of dollars in profits. The motion picture industry has created high grossing movies such as Spider-Man 3 with a total gross of $336,530,303 as well as flops such as Sea Monsters: A Prehistoric Adventure, which only brought in $23,746,066. Diving into descriptive statistics we are able to compare the 5-number summary, mean, mode, range, and standard deviation for the opening gross, total gross, theaters, and number of weeks for the…show more content…
It was also determined that the movie Spider-Man 3 brought in the largest total gross with a total take of $336,530,303. The range of total gross was determined to be $312,784,237 and the mean of the total gross came out to $85,096,526. The standard deviation of $75,282,256 is about ten million dollars than the mean value of $85,096,526. The movie Sea Monsters: A Prehistoric Adventure brought in the least amount of total gross but appeared in the least amount of theaters at 252. The movies with the highest total gross appeared in more than 4000 theaters. The mean for theaters was calculated to be 2,856 so this is the average number of theaters the movies appeared in and the mode came out to 2,529. The range was 4,110 theaters and this is the difference between the smallest amount of theaters at 252 and the largest amount of theaters at 4,362. The standard deviation was determined to be 766, which is roughly 25% of the theaters total mean of 2,856. Now turning to the total number of weeks that the movies appeared in theaters, it was determined that the movie Sea Monsters: A Prehistoric Adventure was in theaters longer than any other movie at 49 weeks. The movie, We Own the Night appeared for only 4 weeks and this was the lowest number of weeks that any movie appeared in theaters. The mean for the total number of weeks that the movies appeared in theaters was 14 with a mode of
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