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Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
Math in the News: 1/19/12
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Math in the News: 1/19/12

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In this issue of Math in the News, we look at box office data from 2011. …

In this issue of Math in the News, we look at box office data from 2011.

For more media resources go to http://www.media4math.com.

Published in: Education, Technology, Business
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  • 1.  
  • 2. Hollywood: By the Numbers
    • This table shows the number of tickets sold and the revenue generated from Hollywood movies from 1995 through 2011. Source for data: http://www.the-numbers.com.
    Year Tickets sold (billions) Revenue ($billions) 1995 1.22 $5.29 1996 1.27 $5.59 1997 1.42 $6.51 1998 1.44 $6.77 1999 1.44 $7.30 2000 1.39 $7.48 2001 1.44 $8.13 2002 1.58 $9.19 2003 1.55 $9.35 2004 1.49 $9.27 2005 1.4 $8.95 2006 1.41 $9.25 2007 1.4 $9.63 2008 1.37 $9.85 2009 1.42 $10.65 2010 1.33 $10.46 2011 1.25 $9.94
  • 3. Hollywood: By the Numbers
    • A line graph of the ticket sales data shows a relatively flat line, with the beginning of a decline in 2004.
  • 4. Hollywood: By the Numbers
    • This part of the graph more clearly shows the decline in ticket sales.
  • 5. Hollywood: By the Numbers
    • The revenue graph is better and shows a steady increase, although it also shows a decline since 2009.
  • 6. Hollywood: By the Numbers
    • This part of the graph shows the revenue decline more clearly.
  • 7. Hollywood: By the Numbers
    • The main reason that the revenue graph shows a better result than the ticket sales graph is because during this period the price of tickets increased.
  • 8. Hollywood: By the Numbers
    • This table shows a fourth column for the average ticket price. Source: http://www.natoonline.org
    Year Tickets sold (billions) Revenue ($billions) Average Ticket Price 1995 1.22 $5.29 $4.35 1996 1.27 $5.59 $4.42 1997 1.42 $6.51 $4.59 1998 1.44 $6.77 $4.69 1999 1.44 $7.30 $5.06 2000 1.39 $7.48 $5.39 2001 1.44 $8.13 $5.65 2002 1.58 $9.19 $5.80 2003 1.55 $9.35 $6.03 2004 1.49 $9.27 $6.21 2005 1.4 $8.95 $6.41 2006 1.41 $9.25 $6.55 2007 1.4 $9.63 $6.88 2008 1.37 $9.85 $7.18 2009 1.42 $10.65 $7.50 2010 1.33 $10.46 $7.89
  • 9. Hollywood: By the Numbers
    • This is a line graph of ticket price over time. Notice the steady increase, even during the periods where ticket sales are down.
  • 10. Hollywood: By the Numbers
    • A scatterplot of ticket price vs. revenue shows a strong correlation between increasing the ticket price and increasing the revenue, which is good. But…
  • 11. Hollywood: By the Numbers
    • There is a negative correlation between ticket price and tickets sold. As the ticket prices have increased, the number of people going to the movies has decreased.
  • 12. Hollywood: By the Numbers
    • People still attend the blockbuster movies but are less inclined to see the lesser known movies.
  • 13. Hollywood: By the Numbers
    • Part of the reason that ticket prices have increased is that the average cost of a movie has increased, sometimes dramatically.
  • 14. Hollywood: By the Numbers
    • It is likely that Hollywood will continue to attract smaller audiences as ticket prices continue to increase.
  • 15. Hollywood: By the Numbers
    • When do you think the average ticket price will be over $10?
    • How will this affect your decision to go to a movie?
    • What alternatives do you have to going to movies?
    • How are these alternatives affected by the increasing price of movies?

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