Case study 1 - Case study #1 (The Motion Picture Industry)...

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Case study #1 (The Motion Picture Industry) 0917986 QMS 3311 Spring 2010 Descriptive Statistics for the Motion Picture Industry The movie industry today is a true testament of a time honored profession that has grown beyond any expectations that could have been imagined over 80 years ago. The industry has had many ups and downs but the tried and true method of measuring the success of this business is in the numbers. When trying to understand how well it is doing the most important aspects to look at includes the amount of money a movie makes on opening weekend, the total gross sales, and many other types of data that help to interpret the market. Following is a breakdown of 101 movies and the statistical data that accompanies each sector of the industry. Focusing on the descriptive statistics of the number of movies in the sample it can be determined that, the average opening gross for a movie in the U.S is 9.37 million dollars which is the central point around which the data cluster is formed. The median amount for a weekend
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Case study 1 - Case study #1 (The Motion Picture Industry)...

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