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Dicuss between total gross sale and each of other variables

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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. Use data as posted.

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

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

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

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

Reference no: EM132473027

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