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CIST 2500-001: Introduction to Applied Statistics for IS&T
Assignment No. 2
College of Information Science & Technology
University of Nebraska at Omaha
Name:
Major:
Dear everyone,
If you like movies and you’re thinking of working in a movie industry someday, this is something that may be of interest to you! The key to this problem, like most others, is to pretend that you are creating a report for your manager. Creativity and, more importantly, all numerical measures we have learned in Chapter 3 will be necessary to create a well-organized report.
Let me know if you have any questions.
[Taken from Case Problem 2 of your textbook, pp.158-159]
I. Motion Picture Industry
The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and the financial success of each motion picture varies considerably. The opening weekend gross sales, the total gross sales, the number of theaters the movie was shown in, and the number of weeks the motion picture was in the top 60 for gross sales are common variables used to measure the success of a motion picture. Data collected for a sample of 100 motion pictures produced in 2005 are contained in the file named Movies (refer to Movies.xlsx).
II. Managerial Report
Use the numerical methods of descriptive statistics presented in this chapter (i.e., Chapter 3) to learn how these variables contribute to the success of a motion picture. Include the following in your report.
1. (20 pts.) Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the motion picture industry.
2. (15 pts.) What motion pictures, if any, should be considered high-performance outliers? Explain.
3. (10 pts.) Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.
Assignment No. 2
College of Information Science & Technology
University of Nebraska at Omaha
Name:
Major:
Dear everyone,
If you like movies and you’re thinking of working in a movie industry someday, this is something that may be of interest to you! The key to this problem, like most others, is to pretend that you are creating a report for your manager. Creativity and, more importantly, all numerical measures we have learned in Chapter 3 will be necessary to create a well-organized report.
Let me know if you have any questions.
[Taken from Case Problem 2 of your textbook, pp.158-159]
I. Motion Picture Industry
The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and the financial success of each motion picture varies considerably. The opening weekend gross sales, the total gross sales, the number of theaters the movie was shown in, and the number of weeks the motion picture was in the top 60 for gross sales are common variables used to measure the success of a motion picture. Data collected for a sample of 100 motion pictures produced in 2005 are contained in the file named Movies (refer to Movies.xlsx).
II. Managerial Report
Use the numerical methods of descriptive statistics presented in this chapter (i.e., Chapter 3) to learn how these variables contribute to the success of a motion picture. Include the following in your report.
1. (20 pts.) Descriptive statistics for each of the four variables along with a discussion of what the descriptive statistics tell us about the motion picture industry.
2. (15 pts.) What motion pictures, if any, should be considered high-performance outliers? Explain.
3. (10 pts.) Descriptive statistics showing the relationship between total gross sales and each of the other variables. Discuss.