Make a histogram and obtain descriptive statistics, Strategic Management

For this question you will analyse box office receipt data for two movies: Harry Potter 1: Sorcerer's

Stone and Pirates of the Caribbean 1: Curse of the Black Pearl.

Go to the portal and download background data.xls

Select the worksheets HP Weekend and Pirate Weekend

 

For your analysis of each movie, you will only need the Date and Per Theater box office receipts; you may delete the remaining columns.

(a) Make a histogram and obtain Descriptive Statistics, including Quartile 1 and

Quartile 3, for weekend per theatre box office receipts each of the movies. Include output of your data, histograms and Descriptive Statistics in your assignment submission.

EXCEL Instructions:

Add your name and ID to the column names for weekend per theatre receipts (e.g. Pirates 1

Receipts should become 'Pirates 1 Receipts FamilyName, GivenName, ID').

Create another column called Bin with numbers from 1000 to 10000 in steps of 1000 (i.e. 1000, 2000, 3000 and so on up to 10000). Histograms may be obtained using the Data Analysis tool in Excel, but some formatting is required. Please make sure that the title of your histogram ends with your ID (e.g. Harry Potter 1 weekend per theatre receipts 599999).

Descriptive Statistics may also be obtained using the Data Analysis tool.

You will need to manually calculate the two quartiles. Please explain the method used.

(b) Describe the shape (symmetry, modality and outliers) of each distribution.

Instructions for identifying outliers:

Whether an observation is an outlier is a matter of judgement. One rule commonly used for identifying outliers is the so-called 1.5 × IQR rule. An observation is suspected to be an outlier if it is more than 1.5 × IQR below the first quartile Q1 or above the third quartile Q3.

Apply this rule to Harry Potter 1 weekend per theatre receipts and Pirates 1 weekend per theatre receipts. Identify suspected outliers (if any) by their date and amount.

(c) Nominate appropriate summary measures for the distribution of Harry Potter 1 weekend per theatre receipts, and for the distribution of Pirates 1 weekend per theatre receipts. Give reason(s) for your choice. For each distribution, give and interpret the values of the summary measures you have chosen.

(d) Write a short paragraph discussing the similarities and differences between weekend per theatre receipts for the two movies. Be sure to consider the measures of central tendency and dispersion, as well as the shape of the two distributions.

Posted Date: 2/25/2013 4:19:13 AM | Location : United States







Related Discussions:- Make a histogram and obtain descriptive statistics, Assignment Help, Ask Question on Make a histogram and obtain descriptive statistics, Get Answer, Expert's Help, Make a histogram and obtain descriptive statistics Discussions

Write discussion on Make a histogram and obtain descriptive statistics
Your posts are moderated
Related Questions
Estimate the manufacturing cost for a bearing housing following the Formula Student Costing Scheme.   Dimensions and materials of the bearing housing will depend on your student

Q. International aspects to transfer pricing? The following issues can influence international transfer pricing decisions. Exchange rates e.g. fluctuations in global cur

Q. Divisional structures – product organisation? The functional structure is normally adopted by an entrepreneurial structure e.g. small business, because the organisation grow

QUESTION (a) Any coherent strategy should have four important elements (Saloner al). Write short notes on each of the four elements (b) Modes of Strategic Management are the

Q. Free cash-flow valuations? Earnings create dividends for shareholders. In theory the value of a company is the value of the company's future earnings, discounted at a rate,

Q. Common aims of transfer pricing systems? The common aims of transfer pricing systems Motivate mangers: A transfer price ensures an internal cost is recognised by

Illustrations of internal failure cost The internal perspective may control performance by assessment of internal quality failure.  Costs incurred before customer has received

1 .Characterize the culture of the organization in which you work. How does this culture affect the work of middle managers? Have you experienced deliberate interventions by senior

Times it consists concerned with the determination of the amount of time required to perform a unit of work. It consists of process of observing and recording the tim

You are considering shortly opening a copier serving center near a university.  Your estimate of fixed cost is at $15,000 a year and the variable cost for every copy made is $0.01.