Description: The Academy Award for Best Picture e is awarded once a year to the film judged to be the absolute best cinematic achievement for the year. Of the hundreds of films released per year, less than one dozen films will eventually be nominated for the award of Best Picture. What are some characteristics of films that receive such prestigious nominations? You are working as an analyst at the media and entertainment consulting firm WKM (We Know Media, Inc.). WKM has a new client, a film production company, whose leadership wants to better understand the characteristics of films that were nominated for the Academy Award for Best Picture. Your project manager has given you a dataset containing data about many nominees for the award of Academy Award for Best Picture. You have been tasked with researching and presenting to the client useful insights about the qualities of these nominees. Dataset: movies Since the Academy Awards started in 1929, a total of 571 films have been nominated for Best Picture. The data set is called movies and contains information on 348 nominees for Academy Award for Best Picture. The variables in the dataset are: . result: Result of the nomination (Nominee or Winner) genre: Type of film (Action, Comedy, Drama, etc.) rating: Rating of intended audience (G, PG, PG-13, etc.) runtime: Length of the movie (in minutes) imdb: IMDb rating (out of 10) tomato: "Tomatometer" critic rating from Rotten Tomatoes (out of 100) audience: Audience rating from Rotten Tomatoes (out of 100) Your Task: Write a 400 - 600 word memorandum (according to Purdue Owl Guidelines e) highlighting your findings for the client. Your memorandum must include the following: Analysis of the variable "runtime". Include the following: o A graphical display of the distribution for runtime" o A complete description of the graphical display you created above, which includes context and appropriate numerical summaries. A two-way table of two categorical variables of your choice. Include the following: An image of the two-way table o A numerical exploration of the two-way table you obtained above that allows you to compute some probabilities for a randomly selected nominee for the Academy Award for Best Picture. These should support an overall understanding of the connection between these two variables. For this, make sure you Provide a short paragraph summarizing your findings Provide numerical justifications to support your summary Provide at least one conditional probability calculation and at least one other type of probability calculation as part of your numerical justifications A side by side boxplot that compares a quantitative variable across a categorical variable, again of your choice. Include the following: . An image of the side by side boxplot A sentence identifying the role of each of the variables o A short paragraph describing what you observe in the graphical display. Your observations should be supported by a comparison of at least two features across the groups (include numerical values when appropriate). A paragraph summarizing your findings about nominees for the Academy Award for Best Picture, highlighting any interesting insights from the aforementioned graphs, tables and numerical summaries (do not restate numerical support). A short paragraph about this follow-up query: Your project manager suggests using the results from your analysis above to understand the characteristics for movies nominated for the Academy Award for Best Animated Feature Film e. Do you agree with your project manager that it is appropriate to do so? Explain. Description: The Academy Award for Best Picture e is awarded once a year to the film judged to be the absolute best cinematic achievement for the year. Of the hundreds of films released per year, less than one dozen films will eventually be nominated for the award of Best Picture. What are some characteristics of films that receive such prestigious nominations? You are working as an analyst at the media and entertainment consulting firm WKM (We Know Media, Inc.). WKM has a new client, a film production company, whose leadership wants to better understand the characteristics of films that were nominated for the Academy Award for Best Picture. Your project manager has given you a dataset containing data about many nominees for the award of Academy Award for Best Picture. You have been tasked with researching and presenting to the client useful insights about the qualities of these nominees. Dataset: movies Since the Academy Awards started in 1929, a total of 571 films have been nominated for Best Picture. The data set is called movies and contains information on 348 nominees for Academy Award for Best Picture. The variables in the dataset are: . result: Result of the nomination (Nominee or Winner) genre: Type of film (Action, Comedy, Drama, etc.) rating: Rating of intended audience (G, PG, PG-13, etc.) runtime: Length of the movie (in minutes) imdb: IMDb rating (out of 10) tomato: "Tomatometer" critic rating from Rotten Tomatoes (out of 100) audience: Audience rating from Rotten Tomatoes (out of 100) Your Task: Write a 400 - 600 word memorandum (according to Purdue Owl Guidelines e) highlighting your findings for the client. Your memorandum must include the following: Analysis of the variable "runtime". Include the following: o A graphical display of the distribution for runtime" o A complete description of the graphical display you created above, which includes context and appropriate numerical summaries. A two-way table of two categorical variables of your choice. Include the following: An image of the two-way table o A numerical exploration of the two-way table you obtained above that allows you to compute some probabilities for a randomly selected nominee for the Academy Award for Best Picture. These should support an overall understanding of the connection between these two variables. For this, make sure you Provide a short paragraph summarizing your findings Provide numerical justifications to support your summary Provide at least one conditional probability calculation and at least one other type of probability calculation as part of your numerical justifications A side by side boxplot that compares a quantitative variable across a categorical variable, again of your choice. Include the following: . An image of the side by side boxplot A sentence identifying the role of each of the variables o A short paragraph describing what you observe in the graphical display. Your observations should be supported by a comparison of at least two features across the groups (include numerical values when appropriate). A paragraph summarizing your findings about nominees for the Academy Award for Best Picture, highlighting any interesting insights from the aforementioned graphs, tables and numerical summaries (do not restate numerical support). A short paragraph about this follow-up query: Your project manager suggests using the results from your analysis above to understand the characteristics for movies nominated for the Academy Award for Best Animated Feature Film e. Do you agree with your project manager that it is appropriate to do so? Explain