Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
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Textbook Question
Chapter 2, Problem 2CP
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 ($ 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 100 motion pictures produced in 2011 are contained in the DATA file named 2011 Movie (Box Office Mojo, March 17.2012). Table 2.20 shows the data for the first 10 motion pictures in this file.
Managerial Report
Use the tabular and graphical methods of
- 1. Tabular and graphical summaries for each of the four variables along with a discussion at what each summary tells us about the motion picture industry.
- 2. A
scatter diagram to explore the relationship between Total Gross Sales and Opening Weekend Gross Sales. Discuss. - 3. A scatter diagram to explore the relationship between Total Gross Sales and Number of Theaters. Discuss.
- 4. A scatter diagram to explore the relationship between Total Gross Sales and Number of Weeks in Release. Discuss.
TABLE 2.20 PERFORMANCE DATA FOR 10 MOTION PICTURES
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GISS
Worksheet 10
Jesse runs a small business selling and delivering mealie meal to the spaza shops.
He charges a fixed rate of R80, 00 for delivery and then R15, 50 for each packet of
mealle meal he delivers. The table below helps him to calculate what to charge
his customers.
10
20
30
40
50
Packets of mealie
meal (m)
Total costs in Rands
80
235
390
545
700
855
(c)
10.1.
Define the following terms:
10.1.1. Independent Variables
10.1.2. Dependent Variables
10.2.
10.3.
10.4.
10.5.
Determine the independent and dependent variables.
Are the variables in this scenario discrete or continuous values? Explain
What shape do you expect the graph to be? Why?
Draw a graph on the graph provided to represent the information in the
table above.
TOTAL COST OF PACKETS OF MEALIE MEAL
900
800
700
600
COST (R)
500
400
300
200
100
0
10
20
30
40
60
NUMBER OF PACKETS OF MEALIE MEAL
Chapter 2 Solutions
Modern Business Statistics with Microsoft Excel (MindTap Course List)
Ch. 2.1 - Methods
1. The response to a question has three...Ch. 2.1 - 2. A partial relative frequency distribution is...Ch. 2.1 - A questionnaire provides 58 Yes, 42 No, and 20...Ch. 2.1 -
For the 2010–2011 viewing season, the top five...Ch. 2.1 -
In alphabetical order, the six most common last...Ch. 2.1 - Top Rated Television Show Networks. Nielsen Media...Ch. 2.1 - Airline Customer Satisfaction Survey. Many...Ch. 2.1 - Prob. 8ECh. 2.1 - Prob. 9ECh. 2.1 -
VirtualTourist provides ratings for hotels...
Ch. 2.2 - 11. Consider the following data.
Develop a...Ch. 2.2 - 12. Consider the following frequency...Ch. 2.2 - Construct a histogram for the data in exercise...Ch. 2.2 - Prob. 14ECh. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Construct a stem-and-leaf display for the...Ch. 2.2 - Applications
17. A doctor’s office staff studied...Ch. 2.2 - NBA Total Player Ratings. CBSSports.com developed...Ch. 2.2 - CEO Time in Meetings. The London School of...Ch. 2.2 - Prob. 21ECh. 2.2 - Top U.S. Franchises. Entrepreneur magazine ranks...Ch. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.2 - Prob. 25ECh. 2.2 - Prob. 26ECh. 2.3 - The following data are for 30 observations...Ch. 2.3 - The following observations are for two...Ch. 2.3 - Prob. 29ECh. 2.3 - Refer again to the crosstabulation of household...Ch. 2.3 - 31. Recently, management at Oak Tree Golf Course...Ch. 2.3 -
Table 2.12 shows a data set containing...Ch. 2.3 - Prob. 33ECh. 2.3 - Prob. 34ECh. 2.3 -
The U.S. Department of Energy's Fuel Economy...Ch. 2.4 - The following 20 observations are for two...Ch. 2.4 - Prob. 37ECh. 2.4 - The following crosstabulation summarizes the data...Ch. 2.4 - Driving Speed and Fuel Efficiency. A study on...Ch. 2.4 - Prob. 40ECh. 2.4 - Hypertension and Heart Disease. People often wait...Ch. 2.4 -
Smartphones are mobile phones with Internet,...Ch. 2.4 - Store Managers Time Study. The Northwest regional...Ch. 2 - SAT Scores. The SAT is a standardized test used by...Ch. 2 - Prob. 45SECh. 2 - State Populations. Data showing the population by...Ch. 2 - Startup Company Funds. According to the Wall...Ch. 2 - Complaints Reported to BBB. Consumer complaints...Ch. 2 - Prob. 49SECh. 2 - Prob. 50SECh. 2 - Prob. 51SECh. 2 - Best Places to Work. Fortune magazine publishes an...Ch. 2 - Prob. 53SECh. 2 - Prob. 54SECh. 2 - Prob. 55SECh. 2 - Prob. 56SECh. 2 -
Google has changed its strategy with regard to...Ch. 2 -
A zoo has categorized its visitors into three...Ch. 2 - Pelican Stores, a division of National Clothing,...Ch. 2 -
Motion Picture Industry
The motion picture...
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