Question
The motion picture industry is an extremely competitive business. Dozens of movie studios produce hundreds of movies each year, many of which cost hundreds of
The motion picture industry is an extremely competitive business. Dozens of movie studios produce hundreds of movies each year, many of which cost hundreds of millions of dollars to produce and distribute. Some of these movies will go on to earn hundreds of millions of dollars in box office revenues, while others will earn much less than their production cost. Data from 50 of the top box-office-receipt-generating movies are provided in the file Top50Movies. The following table shows the first 10 movies contained in this data set.
The categorical variables included in the data set for each movie are the rating and genre. Quantitative variables for the movie's release year, inflation- and noninflation-adjusted box-office receipts in the United States, budget, and the world box-office receipts are also included.
Title
Year Released
Budget (Inflation Adjusted Millions $)
World Box Office Receipts (Inflation Adjusted Millions $)
U.S. Box Office Receipts (Inflation Adjusted Millions $)
Rating
Genre
Budget (Non- Inflation Adjusted Millions $)
World Box Office Receipts (Non- Inflation Adjusted Millions $)
U.S. Box Office Receipts (Non- Inflation Adjusted Millions $)
Gone With the Wind
1939
13
3,242
1,650
G
Drama
3
391
199
Star Wars
1977
20
2,468
1,426
PG
SciFi/ Fantasy
11
798
461
The Sound of Music
1965
1,145
1,145
G
Musical
163
163
E.T.
1982
1,970
1,132
PG
SciFi/ Fantasy
757
435
Titanic
1997
100
3,636
1,096
PG-13
Drama
200
2,185
659
The Ten Com- mandments
1956
184
1,053
1,053
G
Drama
14
80
80
Jaws
1975
26
1,865
1,029
PG
Action
12
471
260
Doctor Zhivago
1965
96
973
973
PG-13
Drama
11
112
112
The Jungle Book
1967
1,263
871
G
Animated
206
142
Snow White and the
Seven Dwarfs
1937
5
854
854
G
Animated
1
185
185
managerial Report
Use the data-visualization methods presented in this chapter to explore these data and dis- cover relationships between the variables. Include the following in your report:
1. Create a scatter chart to examine the relationship between the year released and the inflation-adjusted U.S. box-office receipts. Include a trendline for this scatter chart. What does the scatter chart indicate about inflation-adjusted U.S. box-office receipts over time for these top 50 movies?
- Create a scatter chart to examine the relationship between the noninflation-adjusted budget and the noninflation-adjusted world box-office receipts. [Note: You may have to adjust the data in Excel to ignore the missing budget data values to create your scatter chart. You can do this by first sorting the data using Budget (Non- Inflation Adjusted Millions $) and then creating a scatter chart using only the movies that include data for Budget (Non-Inflation Adjusted Millions $).] What does this scatter chart indicate about the relationship between the movie's budget and the world box-office receipts?
- Create a scatter chart to examine the relationship between the inflation-adjusted budget and the inflation-adjusted world box-office receipts. What does this scatter chart indicate about the relationship between the movie's inflation-adjusted budget and the inflation-adjusted world box-office receipts? Is this relationship different than what was shown for the noninflation-adjusted amounts? If so, why?
- Create a frequency distribution, percent frequency distribution, and histogram for inflation-adjusted U.S. box-office receipts. Use bin sizes of $100 million. Interpret the results. Do any data points appear to be outliers in this distribution?
- Create a PivotTable for these data. Use the PivotTable to generate a crosstabulation for movie genre and rating. Determine which combinations of genre and rating
- are most represented in the top 50 movie data. Now filter the data to consider only movies released in 1980 or later. What combinations of genre and rating are most represented for movies after 1980? What does this indicate about how the prefer- ences of moviegoers may have changed over time?
- Use the PivotTable to display the average inflation-adjusted U.S. box-office receipts for each genre-rating pair for all movies in the data set. Interpret the results.
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