Chapter 2, Problem 2.2.4CP

Case Problem 2   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 sales ($ millions), the total gross sales ($ millions), the number of theaters the movie was shown in, and the number of weeks the motion picture was in release are common variables used to measure the success of a motion picture. Data collected for the top I (X) motion pictures produced in 2011 are contained in the DATAfile named 2011Movies (Box Office Mojo, March 17, 2012). Table 2.20 shows the for the first 10 motion pictures in this file
Managerial Report
Use the tabular and graphical methods of descriptive statistics to learn how these variables contribute to the success of a motion picture. Include the following in your report.
4. A scatter diagram to explore the relationship between Total Gross Sales and Number of Weeks in Release. Discuss.