Motion Picture Industry Analysis Paper

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Motion Picture Industry Analysis The motion picture industry is bigger than ever with more stories and storytelling mediums coming into studios. Filmmakers are creatively finding new ways to tell these tales through technology and new talents and bring them to audiences. Although there are many different viewing choices available to audiences, Christopher Dodd, CEO of the Motion Picture Association of America, stated, “…cinema remains the premier way to experience the magic of movies” (MPAA, 2016, p. 3, para. 5). Additionally, theater owners are investing in better sounds, screens and special effects to bring these movies to life. In fact, statistics show that the movie theater experience is still very much alive and thriving when reviewing movie data from opening gross sales, total gross sales, number of theaters and number of weeks in the box office.
Descriptive Statistics of Motion Picture Industry In the year 20XX, 100 movies were used as a data set to analyze the …show more content…

The average opening gross dollars were $27,367,623 and averaged total gross dollars of $90,576,889. The minimum range for opening gross dollars is $72,348 which is considerably different from the average opening gross dollars. Furthermore, the minimum range for total gross dollars was $30,017,992 which additionally shows a significant difference. The standard deviation for opening gross dollars is $26,626,750 which tells us it is similar to the mean. While the standard deviation for total gross dollars $68,114,884 indicates total gross dollars are more widely spread out on average. The median for opening gross dollars is $19,081,251, indicating that there are outliers that show there is a greater variance above the median than below the median. The top grossing moving increased total gross dollars from opening day by

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