The movie industry is a competitive business. More than 50 studios produce hundreds of new movies for theater release each year, and the financial success of each movie 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 movie was in release are common variables used to measure the success of a movie. Data on the top 100 grossing movies released in 2016 (Box Office Mojo website) are contained in the file Movies2016. Table 3.10 shows the data for the first 10 movies in this file.?

Managerial Report?

Use the numerical methods of descriptive statistics presented in this chapter to learn how these variables contribute to the success of a movie. Include the following in your report:?

1. Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the movie industry.?

2. What movies, if any, should be considered high-performance outliers? Explain.?

3. Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.?

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Performance Data for Ten 2016 Movies Released to Theaters TABLE 3.10 Opening Gross Sales Sales Total Gross Number of Weeks in ($ Million) Movie Title ($ Million) Theaters Release Rogue One: A Star Wars Story Finding Dory Captain America: 4,157 155.08 532.18 4,305 135.06 486.30 25 179.14 408.08 4,226 20 Civil War The Secret Life of Pets 368.38 104.35 4,381 25 The Jungle Book Deadpool Zootopia Batman v Superman: 103.26 364.00 4,144 24 132.43 363.07 3,856 18 3,959 75.06 341.27 22 330.36 4,256 166.01 12 Dawn of Justice Suicide Squad 133.68 325.10 4,255 14 35.26 Sing 270.40 4,029 20